| 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) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The EUR/SEK currency pair continued to trade within the falling wedge pattern, which was formed at the beginning of November.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions. In this case the exchange rate could reach the resistance level formed by the monthly PP at 10.61.
However, note that the currency pair is pressured by the 200-hour moving average, currently located at 10.48. Thus, if the given resistance holds, the pair could continue to trade downwards within the given pattern until January 2020.