| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Sell | Sell |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The EUR/SEK currency pair has been trading upwards since the beginning of March after it failed to surpass the Fibonacci 23.60% retracement at 10.47.
Note that the exchange rate is supported by the 200-hour moving average near 11.00. Thus, some upside potential could prevail in the market. In this case the rate could face the resistance levels: the weekly R1 and the monthly R2, located at 11.43 and 11.74 respectively.
If the given resistance levels hold, it is likely that a reversal south could occur in the nearest future. In this case the currency pair could re-test the Fibo 23.60%.