EUR/SEK analysis, trading idea, and chart

The general trend is ascending. The currency pair is trading in the range of 365 and 135 moving averages. A support level of 10.9063 restrained the sellers. The descending wave structure ended with the breakdown of the inclined channel.

Trading idea:

Buy on a breakout of 10.9600.

Stop Loss: 10.9063.

Target levels: 11.0258; 11.0800.