EUR/SEK Down 125 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 30 Days

EUR/SEK 4 Hour Price Update

Updated May 18, 2020 05:10 PM GMT (01:10 PM EST)

EUR/SEK is down 125 pips (0.12%) since the previous 4 hours (opening the current 4 hour candle near 10.5991), marking the 4th candle in a row a decline has happened. Relative to other instruments in the Forex asset class, EUR/SEK ranked 29th the previous 4 hours in terms of percentage price change.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/SEK is up 30 pips (0.03%) since the day prior (opening today near 10.654), marking the 2nd day in a row an increase has occurred. Compared to its peers in the Forex, EUR/SEK gave its buyers a return that ranked 17th in terms of percentage change since the day prior. Here is a price chart of EUR/SEK.

EUR/SEK Technical Analysis

Notably, EUR/SEK is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 200 day average, which is 215.7 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days EUR/SEK’s price has gone up 15 them.