| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇗ |
The Euro has been appreciating against the Swedish Krona since the end of July when the EUR/SEK exchange rate reversed north from the lower boundary of the rising wedge pattern at 10.50.
As apparent on the chart, the currency pair is testing the 10.76 mark. It is likely, that the pair could reach the upper pattern line located at 10.85 in the nearest future. If the given wedge holds, a reversal south could follow.
However, note, that the rate is supported by the 55-, 100– and 200-hour moving averages, currently located circa 10.72. Thus, the rate could breach the given pattern north and target the monthly R3 at 11.04.