| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The EUR/SEK currency pair continued to trade downwards within the falling wedge pattern.
Theoretically, it is likely that the exchange rate could continue to trade within the predetermined pattern within the following trading sessions. Then, a breakout north could follow, and the rate could raise to the Fibo 23.60% at 10.47.
Meanwhile, note that the currency pair is pressured by the 55-, 100– and 200-period moving averages in the 10.20/10.30 range. Thus, some downside potential could continue to prevail in the market.