| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/SEK currency pair has been trading within a falling wedge pattern since the beginning of June.
From a theoretical point of view, it is likely that the exchange rate could continue to decline within the given pattern until the end of August. Then, a breakout north is expected, and the rate could target the Fibo 23.60% at 10.47.
On the other hand, it is likely that the currency pair could gain support from the 55-hour moving average near 10.30. Thus, it is likely that a breakout north could occur sooner.