| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Neutral |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇒ |
The EUR/SEK currency pair has been trading within a falling wedge pattern since the beginning of May.
From a theoretical point of view, it is likely that a breakout north could occur within the following trading sessions, and the exchange rate could target the psychological level at 11.20.
However, note that the rate would have to exceed the Fibo 23.60% at 10.87. If the given resistance level holds, it is likely that a reversal south could occur and the Euro could continue to depreciate against the Swedish Krona.