=> Here we are shorting the dollar against SEK as we see a fresh leg down in the dollar for September flows. => Markets have gone overboard on risk premium and we are looking to get advantage of the Swedish elections coming up in two weeks. => Fundamentals are improving in both Sweden and Europe and a rising Euro will help move SEK as collateral here. => GL (Entry at MKT; Stop 9.25; Targets 8.85 and 7.90)
Nota
Mild profit taking being done on the first test of the channel ... nothing to update for bears
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