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EUR/SEK's volatility soars

We see an injection of volatility in the EUR/SEK pair that could present a trade for opportunistic readers.

The rally in today's trading has expanded the 2-standard deviation bands for several consecutive hours beyond the maximum width seen in a week of trading. Moreover, the same 1hr charts show recent close prices printing above the 50-period EMA, a bullish condition that should it persist, would help keep prices above the SAR indicator.

A change of direction in the parabolic SAR after two sessions of upward price movement in the EUR/SEK would imply longs are taking profit. Risks exist as the volatility and the vibrant up thrust in price extend to higher time frames.

USD/CAD rises further, approaches 1.3400

USD/CAD extended gains during the American session and recently printed a fresh daily high at 1.3391. It was trading at 1.3380/84, about to post the strongest daily close in more than 10 years.
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