EUR/SEK Technical Analysis: Bearish ‘outside day’ prompts further pullbacks

EUR/SEK charted a bearish ‘outside day’ on Wednesday, including fresh 6-month lows in the vicinity of 10.16.
Further downside is thus expected, prompting the cross to re-visit June’s low in sub-10.10 levels.
The negative view is reinforced as long as the resistance line at 10.3277 caps the upside.

Pablo Piovano FXStreet

EUR/SEK daily chart

EUR/SEK

Overview:
    Today Last Price: 10.2258
    Today Daily change: 4.1e+2 pips
    Today Daily change %: 0.399%
    Today Daily Open: 10.1852
Trends:
    Previous Daily SMA20: 10.2783
    Previous Daily SMA50: 10.3336
    Previous Daily SMA100: 10.3829
    Previous Daily SMA200: 10.3357
Levels:
    Previous Daily High: 10.2449
    Previous Daily Low: 10.1622
    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%: 10.1938
    Previous Daily Fibonacci 61.8%: 10.2133
    Previous Daily Pivot Point S1: 10.1499
    Previous Daily Pivot Point S2: 10.1147
    Previous Daily Pivot Point S3: 10.0673
    Previous Daily Pivot Point R1: 10.2326
    Previous Daily Pivot Point R2: 10.2801
    Previous Daily Pivot Point R3: 10.3153

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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