EUR/SEK Technical Analysis: Further decline expected after breaking below the 200-day SMA
|- The cross is down for yet another session today and is extending the leg lower following last week’s breakdown of the critical support at the 200-day SMA, today at 10.3390.
- That said, a deeper retracement remains well on the cards with the initial support in November’s low at 10.2080 (November 13), all ahead of the key support around 10.2000.
- A break below 10.2000 should pave the way for the continuation of the down move to the 10.1000 area, or June’s low.
EUR/SEK daily chart
EUR/SEK
Overview:
Today Last Price: 10.2285
Today Daily change: -37 pips
Today Daily change %: -0.0362%
Today Daily Open: 10.2322
Trends:
Previous Daily SMA20: 10.2899
Previous Daily SMA50: 10.3394
Previous Daily SMA100: 10.385
Previous Daily SMA200: 10.334
Levels:
Previous Daily High: 10.2972
Previous Daily Low: 10.231
Previous Weekly High: 10.3495
Previous Weekly Low: 10.2471
Previous Monthly High: 10.394
Previous Monthly Low: 10.2101
Previous Daily Fibonacci 38.2%: 10.2563
Previous Daily Fibonacci 61.8%: 10.2719
Previous Daily Pivot Point S1: 10.2097
Previous Daily Pivot Point S2: 10.1872
Previous Daily Pivot Point S3: 10.1435
Previous Daily Pivot Point R1: 10.276
Previous Daily Pivot Point R2: 10.3197
Previous Daily Pivot Point R3: 10.3422
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.