EUR/SEK may rise to 11.4710 - 11.5820

Our pivot point is at 11.0750.

Our preference

Rebound towards 11.5820.

Alternative scenario

Below 11.0750, expect 10.8890 and 10.7780.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.3123 and 11.5142).

Supports and resistances

11.8040 **

11.6930 *

11.5820 **

11.4710

11.2441 last

11.1480

11.0750 **

10.8890 *

10.7780 **

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