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EUR/SEK: Recent pivot high of 11.20 is likely to be a resistance - Société Générale
World FX news
Breaking news
EUR/SEK: Recent pivot high of 11.20 is likely to be a resistance - Société Générale
New
2025.03.13 20:00
2025.03.13 20:00
2025.03.13 20:00
EUR/SEK broke below the lower limit of a multi-month triangle resulting in a steep decline, Société Générale's FX analysts note.
Daily MACD is now within deep negative territory
"A descending trend line drawn parallel to the upper band of the formation at 10.84/10.78, which is also a projection for the decline could be a potential support zone. Daily MACD is now within deep negative territory highlighting a stretched down move. Defence of 10.84/10.78 could result in a short-term rebound. Recent pivot high of 11.20 is likely to be a resistance."
Last updated
: 2025.03.13
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