EUR/SEK may rise to 11.4690 - 11.5800

Our pivot point stands at 11.0690.

Our preference

Rebound towards 11.5800.

Alternative scenario

The downside breakout of 11.0690 would call for 10.8830 and 10.7730.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.3002 and 11.5061).

Supports and resistances

11.8020 **

11.6910 *

11.5800 **

11.4690

11.2307 last

11.1420

11.0690 **

10.8830 *

10.7730 **

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