| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The EUR/SEK currency pair has been trading within a descending channel since the beginning of July.
From a theoretical point of view, it is likely that the exchange rate could continue to trade within the given channel in the nearest future. In this case the rate could decline to the 10.30 by the end of current month.
Meanwhile, note that the currency pair could gain support from the monthly S1 and the Fibo 38.20% in the 10.34 area. If the given support holds, it is likely that a reversal north could occur, and the pair could target the 10.60 level.