| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Buy |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/SEK currency pair continued to trade downwards, guided by a descending trade line. The pair has already declined below 10.60.
It is likely that some upside potential could prevail in the market, as the exchange rate could gain support from the 200-hour moving average near 10.50. In this case the rate could target the Fibo 23.60% at 10.88.
Meanwhile, note that the currency pair would have to exceed the Fibo 38.20% at 10.67. If the given resistance holds, it is likely that some downside potential could continue to prevail in the market.