EUR/SEK 1H Chart: Supported by 200-hour SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellBuyBuy
RSI(14)NeutralSellSell
Stochastic(5;3;3)NeutralNeutralSell
Alligator(13;8;5)NeutralBuyBuy
SAR(0.02;0.2)SellSellBuy
Aggregate

The EUR/USD currency pair has been trading up since the end of April when the pair reversed north from the lower boundary of the medium-term ascending channel at 10.45.  

As apparent on the chart, the exchange rate is testing the upper channel line at the 10.85 mark. From a theoretical point of view, a reversal south should occur in the nearest future. 

Note, that the pair is supported by the 200-hour moving average. Thus, if the given channel does not hold, it is expected, that a breakout north could occur within the following sessions. However, the rate has to surpass the monthly R2 at 10.85.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.