Home EUR/SEK Technical Analysis: Further decline expected after breaking below the 200-day SMA
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EUR/SEK Technical Analysis: Further decline expected after breaking below the 200-day SMA

  • The cross is down for yet another session today and is extending the leg lower following last week’s breakdown of the critical support at the 200-day SMA, today at 10.3390.
  • That said, a deeper retracement remains well on the cards with the initial support in November’s low at 10.2080 (November 13), all ahead of the key support around 10.2000.
  • A break below 10.2000 should pave the way for the continuation of the down move to the 10.1000 area, or June’s low.

EUR/SEK daily chart

 

 

 

 

 

 

 

 

 

 

EUR/SEK

Overview:
       Today Last Price:  10.2285
       Today Daily change:  -37  pips
       Today Daily change %:  -0.0362%
       Today Daily Open:  10.2322
Trends:
       Previous Daily SMA20:  10.2899
       Previous Daily SMA50:  10.3394
       Previous Daily SMA100:  10.385
       Previous Daily SMA200:  10.334
Levels:
       Previous Daily High:  10.2972
       Previous Daily Low:  10.231
       Previous Weekly High:  10.3495
       Previous Weekly Low:  10.2471
       Previous Monthly High:  10.394
       Previous Monthly Low:  10.2101
       Previous Daily Fibonacci 38.2%:  10.2563
       Previous Daily Fibonacci 61.8%:  10.2719
       Previous Daily Pivot Point S1:  10.2097
       Previous Daily Pivot Point S2:  10.1872
       Previous Daily Pivot Point S3:  10.1435
       Previous Daily Pivot Point R1:  10.276
       Previous Daily Pivot Point R2:  10.3197
       Previous Daily Pivot Point R3:  10.3422

 

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