EUR/SEK may fall to 10.9020 - 11.0180

Our pivot point is at 11.4170.

Our preference

The downside prevails as long as 11.4170 is resistance.

Alternative scenario

The upside breakout of 11.4170, would call for 11.6120 and 11.7280.

Comment

The RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.4016 and 11.5438).

Supports and resistances

11.7280 **

11.6120 *

11.4170 **

11.3400

11.2602 last

11.0180

10.9020 **

10.7860 *

10.6700 **

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