| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Sell | Neutral |
| Alligator (13; 8; 5) | Buy | Buy | Sell |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
The Euro has been appreciating against the Swedish Krona since the beginning of January when the pair reversed from the lower boundary of the medium-term descending channel at 10.14.
Currently, the exchange rate is trading near the upper channel line located circa 10.40. From a theoretical point of view, the pair should reverse from given boundary. A possible downside target is the Fibonacci 50.00% retracement at 10.22.
However, if given channel does not hold, it is likely that a breakout north occurs in the nearest future, and the pair targets the monthly R3 at 10.57.