- The Swedish Krona debilitated to fresh lows in the 10.3200 area vs. its European peer in the wake of poor figures from Q3 GDP in Sweden.
- The cross rebounded from the 10.2500 region although the bullish attempt run out of legs just ahead of the short-term resistance line, today at 10.3219.
- While capped by this resistance line, EUR/SEK is expected to test the area of July/November low near 10.20. Further south emerges 10.10, home of June troughs.
- In addition, and reinforcing the bearish view, the cross continues to navigate below the daily cloud.
EURSEK daily chart
EUR/SEK
Overview:
Today Last Price: 10.3006
Today Daily change: 2.8e+2 pips
Today Daily change %: 0.273%
Today Daily Open: 10.2726
Trends:
Previous Daily SMA20: 10.294
Previous Daily SMA50: 10.3418
Previous Daily SMA100: 10.3868
Previous Daily SMA200: 10.3295
Levels:
Previous Daily High: 10.291
Previous Daily Low: 10.2471
Previous Weekly High: 10.3507
Previous Weekly Low: 10.2676
Previous Monthly High: 10.5375
Previous Monthly Low: 10.2863
Previous Daily Fibonacci 38.2%: 10.2639
Previous Daily Fibonacci 61.8%: 10.2742
Previous Daily Pivot Point S1: 10.2495
Previous Daily Pivot Point S2: 10.2264
Previous Daily Pivot Point S3: 10.2056
Previous Daily Pivot Point R1: 10.2934
Previous Daily Pivot Point R2: 10.3141
Previous Daily Pivot Point R3: 10.3372
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