Meanwhile, EUR/SEK now is sitting close to the lower limit of the pattern and considering the disposition of the SMAs – 50-hour SMA at 9.1611 is on the verge of plunging below the 200-hour SMA at 9.1575 – we may see a bearish exit. Technical indicators also point to a possible decline in the next one-to-four hours but send a ‘buy' signal for a longer term.