Published: 2025-06-04T07:14:22.000Z
Chart EUR/SEK Update: Extending gains from 10.8000 support
Technical Analyst
1
Extending bounce from the 10.8000 support and regaining the 10.9000 congestion see room for stronger gains to 11.0000
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.1400 | ** | Jun 2024 low | S1 | 10.9000 | * | congestion | |
| R3 | 11.1000 | * | congestion | S2 | 10.8000 | ** | congestion | |
| R2 | 11.0445 | * | 28 Apr high | S3 | 10.7100 | * | 2 Apr low | |
| R1 | 11.0000 | * | Dec 2023 low | S4 | 10.6625 | ** | 3 Apr YTD low |
Asterisk denotes strength of level
07:10 GMT - Extending bounce from the 10.8000 support and regaining the 10.9000 congestion see room for stronger gains to 11.0000 level. Daily studies are tracking higher as prices unwind oversold readings. Above the latter will see room for stronger recovery to resistance at 11.0445/11.1000. Corrective gains are expected to give way to renewed selling pressure later, break of the 10.9000 congestion will open up room for retest of 10.8000 support. Below the latter will eturn focus to the 10.6625, 3 April YTD low.