EUR/SEK Down 23 Pips Over Past 4 Hours, 2 Day Up Streak Ended; in a Downtrend Over Past 30 Days

EUR/SEK 4 Hour Price Update

Updated May 25, 2020 09:07 PM GMT (05:07 PM EST)

EUR/SEK is down 23 pips (0.02%) since the last 4 hour candle (opening the current 4 hour candle near 10.5394), marking the 2nd candle in a row it has gone down. Relative to other instruments in the Forex asset class, EUR/SEK ranked 27th the last 4 hour candle in terms of percentage price change.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of EUR/SEK continues; to start today, it came in at a price of 10.52009, down 129 pips (0.12%) since the day prior. Out of the 40 instruments in the Forex asset class, EUR/SEK ended up ranking 38th for the day in terms of price change. 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 20 day average, which is 1008.7 pips away. Volatility for EUR/SEK has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days EUR/SEK’s price has gone up 5 them.