CHART SCALE: Weekly


INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope


SUPPORT LEVELS : 9.998


RESISTANCE LEVELS: 9.6


PAIR ANALYSIS :


EUR/SEK is in a bullish tendency after the consideration of the retracement around the support line line as indicated in fig 2. The Linear Regression Slope around 0.02 and the configuration of the Parabolic Sar seem to support the slightly bullish behavior. The currency pair has been characterized by a slightly bullishposition tendency along the Bollinger Band pattern and the volume analysis could support a smaller volatility. The Germany PMI seems to support the slightly bullish tendency. A bearish crossing at 9.6297 can validate a significant bearish monopoly. It can be evaluated a forecast level price at 9.91629.


FIGURE 1 shows the trendlines





FIGURE 2 indicates the forecasting pattern


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