| 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 | ⇘ | ⇘ | ⇒ |
[ANNOUNCE] 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. [/ANNOUNCE]
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.