USD/SEK may fall to 10.1160 - 10.2610

Our pivot point stands at 10.8040.

Our preference

The downside prevails as long as 10.8040 is resistance.

Alternative scenario

The upside breakout of 10.8040, would call for 11.0490 and 11.1950.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 10.7630 and 10.7529).

Supports and resistances

11.1950 **

11.0490 *

10.8040 **

10.7080

10.5656 last

10.2610

10.1160 **

9.9710 *

9.8260 **

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