| 4H | 1D | 1W | |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Sell | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The EUR/SEK exchange rate has been trading downwards within a falling wedge pattern since the end of September.
From a theoretical perspective, it is likely that some downside potential could prevail in the market within the following trading sessions. Then, the currency pair could breach the given pattern north and target the 10.70 level.
In the meantime, it is unlikely that bears could prevail in the market, and the exchange rate could decline below 10.20 due to the support level formed by the Fibo 50.00%.