EURSEK TECHNICAL ANALYSIS

EURSEK technical analysis

EURSEK Technical Analysis: Weekly Chart

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

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

Its immediate support is 10.4656 & the resistance level is at 10.6514.

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

EURSEK Technical Analysis: Daily Chart

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

RSI is in over sold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 10.4661 & the resistance level is at 10.5703.

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 10.5264, TAKE PROFIT AT 10.4661 AND STOP LOSS AT 10.5703

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