EUR/SEK may rise to 11.8320 - 11.9590

11.3760 is our pivot point.

Our preference

The upside prevails as long as 11.3760 is support.

Alternative scenario

Below 11.3760, expect 11.1640 and 11.0380.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 11.3627 and 11.4290). Finally, the EUR/SEK is trading above its upper Bollinger band (standing at 11.5661).

Supports and resistances

12.2130 **

12.0860 *

11.9590 **

11.8320

11.5744 last

11.4600

11.3760 **

11.1640 *

11.0380 **

Number of asterisks represents the strength of support and resistance levels.