Published: 2025-08-08T06:31:15.000Z
Chart EUR/SEK Update: Under pressure, 11.1000 support at risk
Technical Analyst
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Leaning lower from test of the 11.2000 congestion and scope seen for pullback to support at the 11.1000 level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.3000 | * | congestion | S1 | 11.1000 | * | congestion | |
| R3 | 11.2750 | ** | 7 Jul high | S2 | 11.1000 | * | congestion | |
| R2 | 11.2400 | * | Apr high | S3 | 11.0000 | ** | figure, congestion | |
| R1 | 11.2000 | * | congestion | S4 | 10.9000 | * | 12 Jun low |
Asterisk denotes strength of level
06:25 GMT - Leaning lower from test of the 11.2000 congestion and scope seen for pullback to support at the 11.1000 level. The daily and weekly studies are unwinding overbought readings and suggest scope for break here to trigger deeper pullback to retrace rally from the 10.8000, May low. Lower will see room to strong support at the 11.0200/11.0000 figure. Break here will return focus to the 11.9000/11.8000 congestion and May low. Meanwhile, resistance is at the 11.2000 congestion is expected to cap and sustain losses from the 11.3300, July swing high.