| Indicator | 1H | 4H | 1D |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Neutral | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇓ |
EUR/SEK has been trading in a steep falling wedge since early June. The price movement in the last wave formed a channel down that was broken mid-session with a 457-pip fall in one minute. The pair continued to be driven downwards for the following three hours and reversed, thus providing another bottom confirmation of the wedge. This pattern may soon reach maturity, thus a breakout may be due within the upcoming trading week. In the meantime, the aforementioned plunge pushed aggressively technical indicators in the strongly bearish and oversold territory that should confirm the current U-turn. This recovery may continue until the bottom channel boundary, at least, while the completion of this wave would see the pair reach the 9.58/9.60 area next week. The closest resistance is set by the monthly and weekly S1s at 9.5682 and 9.5780, accordingly.