| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Sell |
| Stochastic (5; 3) | Buy | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇘ |
The common European currency has appreciated substantially against the Swedish Krona during the past few weeks. This upside movement sent the pair to an eight-year high of 10.25 last week. The Euro has since retraced lower and has been lingering near a trend-line at 10.16 since mid-Friday.
The pair moving below the 55-, 100– and 200-hour SMAs point to a continuous period of decline. Other technical indicators support this scenario, especially taking into account that an upward-sloping trend-line was breached on March 9. A possible southern target during the following two weeks could be the lower boundary of a medium-term channel in the 10.08/10 territory.
In case the bullish sentiment manages to take the upper hand, the pair could find resistance at the aforementioned high and the monthly R1 circa 10.25.