| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The EUR/SEK exchange rate has tested the upper boundary of the long-term descending channel located circa 10.63 during February.
As apparent on the chart, the currency pair has already reversed south from the upper channel line. Currently, the pair is testing the strong support level formed by the Fibonacci 23.60% retracement at 10.47. If given level holds, it is likely that the rate reverses north to re-test the upper trend line.
If given support level does not hold, it is expected that bears prevail in the market within the following sessions. A possible downside target is the psychological level at 10.40.