Chart EUR/SEK Update: Focus on critical resistance within 11.1000 - 11.1255
Anticipated tests higher have reached critical multi-month resistance within 11.1000 - 11.1255
| Levels | Imp | Comment | Levels | Imp | Comment | |||
| R4 | 11.1700 | late-Aug 2025 (w) high | S1 | 11.0050 | * | break level | ||
| R3 | 11.1500 | * | congestion | S2 | 11.0000 | ** | break level | |
| R2 | 11.1255 | ** | 30 Jun YTD high | S3 | 10.9200 | ** | 7 Aug (w) low | |
| R1 | 11.1000 | ** | range highs | S4 | 10.9000 | * | congestion |
Asterisk denotes strength of level
11:40 BST - Anticipated tests higher have reached critical multi-month resistance within 11.1000 - 11.1255, where a tick lower in overbought daily stochastics is prompting a pullback. The daily Tension Indicator continues to rise, suggesting room for a retest into here. But mixed/positive weekly charts are expected to limit any initial tests in fresh consolidation, before prices continue higher. A later close above here will turn sentiment positive and confirm continuation of February gains. as focus then turns initially to congestion around 11.1500 and the 11.1700 weekly high of late-August 2025.
Meanwhile, support is raised to 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.