Chart EUR/SEK Update: Fresh year high - studies improving
Anticipated gains have posted a fresh year high at congestion resistance around 11.1500
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.2500 | ** | 50% ret of 2023-2026 fall | S1 | 11.0500 | * | break level | |
| R3 | 11.2000 | ** | congestion | S2 | 11.0000 | ** | break level | |
| R2 | 11.1700 | late-Aug 2025 (w) high | S3 | 10.9200 | ** | 7 Aug (w) low | ||
| R1 | 11.1500 | * | congestion | S4 | 10.9000 | * | congestion |
Asterisk denotes strength of level
11:55 BST - Anticipated gains have posted a fresh year high at congestion resistance around 11.1500, where flat overbought daily stochastics are prompting consolidation. The daily Tension Indicator continues to rise and broader weekly charts are improving, pointing to room for further gains in the coming sessions. A close above here will improve price action and extend February gains towards the 11.1700 weekly high of late-August 2025. Just higher is congestion around 11.2000. But already overbought weekly stochastics could limit any initial tests in profit-taking/consolidation.
Meanwhile, support remains at 11.0500 and extends to 11.0000. Any immediate setbacks should give way to consolidation within here. A close beneath here, if seen, will add weight to sentiment and open up strong support at the 10.9200 weekly low of 7 August.