EUR/SEK Up 317 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

EUR/SEK 4 Hour Price Update

Updated March 26, 2020 05:08 AM GMT (01:08 AM EST)

The back and forth price flow continues for EUR/SEK, which started the current 4 hour candle off at 10.9972, up 317 pips 0.29% from the previous 4 hours. Compared to its peers in the Forex, EUR/SEK gave its buyers a return that ranked 11th in terms of percentage change since the previous 4 hours.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/SEK is up 367 pips (0.34%) since the day prior (opening today near 10.9655), 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 13th in terms of percentage change since the day prior. Below is a price chart of EUR/SEK.

EUR/SEK Technical Analysis

The first thing we should note is that the current price of EUR/SEK is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 1129.6 pips away. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 5 out of the past 10 days.