Published: 2025-09-01T07:32:47.000Z
Chart EUR/SEK Update: Consolidating at 11.0500, room for lower later
Technical Analyst
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Limited on break of the 11.0500 level as prices consolidate losses from the 11.2000 congestion
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.2400 | * | Sep 2024 low | S1 | 11.0500 | * | congestion | |
| R3 | 11.2000 | ** | congestion | S2 | 11.0000 | * | congestion, 2023 year low | |
| R2 | 11.1300 | congestion | S3 | 10.9000 | * | 12 Jun low, congestion | ||
| R1 | 11.1000 | * | Jul low | S4 | 10.8000 | ** | May low |
Asterisk denotes strength of level
07:30 GMT - Limited on break of the 11.0500 level as prices consolidate losses from the 11.2000 congestion. Bounce see prices unwinding oversold intraday and daily studies but this is expected to give way to renewed selling pressure later. Below the 11.0000 congestion will see room for deeper pullback to retrace rally from the 10.8000, May low. Lower will see room to support at 10.9000/10.8000 congestion and May low. Meanwhile, resistance is at the 11.1000/11.1300 area which is expected to cap and sustain losses from the 11.3300, July swing high.