| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇓ | ⇓ | ⇓ |
The EUR/SEK exchange rate has formed a broadening wedge. If looking at a broader trend, the pair had entered a week-long consolidation phase before some distinct peaks and valleys could be distinguished. In addition, the given pattern is a part of a longer-term channel down whose lower boundary rests circa 9.45.
The last wave south which started near the 23.6% Fibonacci retracement is currently trading near the fourteen-week low at 9.4737. This level is reinforced by the weekly and monthly S1s.
Given the fact that the Euro has managed to allay its fall for the last trading hours, it can be argued that a reversal might be in view. In this case, the given currency should be able to appreciate with no hindrance until the 9.5150 area where the weekly PP and all three SMAs are located.