Published: 2025-02-11T08:04:18.000Z
Chart EUR/SEK Update: Within reach of 11.2400 support
Technical Analyst
-
Extending sharp drop following break of the 11.4000 support last week and see the 11.2400 low of September now within reach
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.4500 | * | congestion | S1 | 11.2400 | ** | Sep low | |
| R3 | 11.4000 | ** | Jan low | S2 | 11.2000 | * | congestion | |
| R2 | 11.3500 | * | congestion | S3 | 11.1400 | * | Jun low | |
| R1 | 11.3000 | * | congestion | S4 | 11.1300 | * | Mar low |
Asterisk denotes strength of level
08:00 GMT - Extending sharp drop following break of the 11.4000 support last week and see the 11.2400 low of September now within reach. Deep oversold intraday and daily studies suggest reaction here likely but bearish prices action from the 11.7000 high of November see risk for break to open up further losses to the 11.2000 congestion then the 11.1400/11.1300, June and March lows. Meanwhile, resistance is lowered to 11.3000/11.3500 congestion area which should cap corrective bounce and sustain losses from the 11.5000/11.5350, January highs.