(Last Updated September 15, 2021 1:18 GMT)
At the moment, EURSEK’s rate is down 4 pips (0%) from the hour prior. EURSEK has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURSEK End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for EURSEK, which started today off at 10.1608, down 338 pips 0.33% from the day prior. Compared to its peers in the Forex, EURSEK gave its buyers a return that ranked 36th in terms of percentage change since the day prior. Here is a price chart of EURSEK.
EURSEK Technical Analysis
Notably, EURSEK crossed below its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days EURSEK’s price has gone up 16 them.