EUR/SEK 4H Chart: Downside potential could prevail

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate

The EUR/SEK currency pair continued to trade within the adjusted falling wedge pattern.  

From a theoretical perspective, it is likely that the exchange rate could continue to move within the predetermined pattern in the medium term.  

In the meantime, note that the rate is pressured by the 55-, 100– and 200-period moving averages in the 10.09/10.18 range. Thus, a breakout south could occur, and the pair could re-test the 9.75 mark.

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