| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/SEK currency pair has been trading within the descending channel since the beginning of June. Last Wednesday, the pair reversed north from the upper channel line at the 10.63 mark.
From a theoretical perspective, it is likely, that some downside potential could prevail in the market, as the exchange rate should reach the lower channel line located in the 10.44/10.46 range.
If the given channel holds, a reversal north could follow. Otherwise, the rate could breach the given channel south. In this case, the pair could decline to the monthly S2 at the 10.40 mark.