EUR/SEK Up 41 Pips in Last 4 Hours, 4 Day Up Streak Broken; Breaks Below 20 Day Average

EUR/SEK 4 Hour Price Update

Updated July 01, 2020 01:04 AM GMT (09:04 PM EST)

EUR/SEK is up 41 pips (0.04%) since the previous 4 hours (opening the current 4 hour candle near 10.4725), marking the 2nd candle in a row an increase has occurred. Relative to other instruments in the Forex asset class, EUR/SEK ranked 4th the previous 4 hours in terms of percentage price change.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 4 up days, EUR/SEK snaps its streak, falling 211 pips (-0.2%) over the past day to close at an exchange rate of 10.4706. Out of the 40 instruments in the Forex asset class, EUR/SEK ended up ranking 28th for the day in terms of price change. Below is a price chart of EUR/SEK.

EUR/SEK Technical Analysis

First things first: EUR/SEK crossed below its 20 day moving average yesterday. 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 240.3 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 18 out of the past 30 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.