Chart EUR/SEK Update: Consolidating at 11.1000 fresh year high
Break above the 11.0000 figure has seen extension above the 11.0500 April high to reach fresh year high at 11.1000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.2400 | * | congestion | S1 | 11.0500 | * | congestion | |
| R3 | 11.2000 | * | congestion | S2 | 11.0000 | ** | figure, May high | |
| R2 | 11.1350 | * | 76.4% Jul 2025/Feb fall | S3 | 10.9500 | * | congestion | |
| R1 | 11.1000 | ** | figure, Jul low | S4 | 10.9000 | * | congestion |
Asterisk denotes strength of level
06:05 GMT - Break above the 11.0000 figure has seen extension above the 11.0500 April high to reach fresh year high at 11.1000. Bullish rally from the 10.7500 late-May low keep pressure on the upside and higher will see scope to target 11.1350, 76.4% Fibonacci retracement. However, the stretched daily studies caution corrective pullback to unwind overbought readings. Meanwhile, support is raised to the 11.0500 congestion which extend to the 11.0000 figure and May high. This area should underpin and limit corrective pullback. Break here will fade the upside pressure and open up room for deeper pullback.