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