| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Sell | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Buy |
| Alligator (13; 8; 5) | Buy | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇗ |
The common European currency appreciated 9.50% against the Swedish Krone since early February prior to reaching the upper boundary of the senior channel near 10.70 and subsequently initiating a new move south.
During the past two weeks, the pair has been trading sideways. It seems that the Euro has tried to surpass the 10.35 level on several occasions, but was stopped by the combined resistance of the monthly S1, the 55-day SMA and the 38.20% Fibonacci retracement.
It is expected that the pair continues to depreciate towards the senior channel circa 10.10 during the following month. Meanwhile, shorter-term technical indicators suggest that some correction northwards could be possible. Upside target for this up-movement is the monthly PP and the 23.60% Fibo at 10.50 (the former level will be re-calculated on June 1).