EUR/SEK Technical Analysis

EURSEK Technical Analysis

EURSEK Technical Analysis: Weekly Chart

EUR/SEK Technical Analysis

In the weekly charts, EURSEK is trading in an up channel. EURSEK is currently trading above all SMA.

RSI is in over bought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 10.5492 & the resistance level is at 10.7335.

EURSEK will trade in an up channel until there is trend reversal.

EURSEK Technical Analysis: Daily Chart

EUR/SEK Technical Analysis

In the daily charts, EURSEK was trading in up channel. EURSEK is currently trading below 20 days SMA & above 50 and 100 days SMA.

RSI is in selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 10.6124 & the resistance level is at 10.6633.

EURSEK was trading in up channel before there is breakout downside.  

How to Trade EURSEK this Week:

EURSEK will follow the downtrend until their trend reversal. So, remain bearish on EURSEK.

TRADE SUGGESTION- SELL AT 10.6347, TAKE PROFIT AT 10.6124 AND STOP LOSS AT 10.6633

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