| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Neutral | Neutral |
| Alligator (13; 8; 5) | Sell | Neutral | Buy |
| SAR (0.02; 0.2) | Buy | Sell | Buy |
| Aggregate | ⇘ | ⇒ | ⇗ |
The Euro has been depreciating against the Swedish Krona in a short-term descending channel since the end of August. This gradual decrease in price began when the rate reversed from the upper boundary of a medium-term ascending channel at 10.73.
Currently, the pair is trading near the upper boundary of junior channel at 10.55. The common scenario would be a reverse from the upper channel and a surge towards the lower boundary of senior channel located circa 10.44. However, technical indicators suggest that this move might not be immediate, as the pair is being supported by the 55-, 100– and 200-hour SMAs.
Important level to look out for is the Fibonacci 23.60% retracement.