EUR/SEK may rise to 11.6120 - 11.7300

11.1960 is our pivot point.

Our preference

Rebound towards 11.7300.

Alternative scenario

Below 11.1960, expect 10.9970 and 10.8780.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands above its 20 period moving average (11.3552) but below its 50 period moving average (11.4451).

Supports and resistances

11.9680 **

11.8490 *

11.7300 **

11.6120

11.3623 last

11.2740

11.1960 **

10.9970 *

10.8780 **

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