EUR/SEK may rise to 11.5620 - 11.6550

11.2210 is our pivot point.

Our preference

Rebound towards 11.6550.

Alternative scenario

Below 11.2210, expect 11.0640 and 10.9710.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 11.3463 and 11.4334).

Supports and resistances

11.8420 **

11.7490 *

11.6550 **

11.5620

11.3460 last

11.2820

11.2210 **

11.0640 *

10.9710 **

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