EUR/SEK may rise 416 - 586 pips

11.3440 is our pivot point.

Our preference

The upside prevails as long as 11.3440 is support.

Alternative scenario

Below 11.3440, expect 11.3150 and 11.2980.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 11.3447 and 11.3511).

Supports and resistances

11.4610 **

11.4440 *

11.4270 **

11.4100

11.3684 last

11.3550

11.3440 **

11.3150 *

11.2980 **

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