EUR/SEK may fall to 11.0170 - 11.1460

11.5940 is our pivot point.

Our preference

The downside prevails as long as 11.5940 is resistance.

Alternative scenario

Above 11.5940, look for 11.8120 and 11.9410.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 11.6133 and 11.5291). Finally, the EUR/SEK has penetrated its lower Bollinger band (11.4320).

Supports and resistances

11.9410 **

11.8120 *

11.5940 **

11.5090

11.4122 last

11.1460

11.0170 **

10.8880 *

10.7590 **

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