EUR/SEK Up 122 Pips in Last 4 Hours, Came Into Today Up For the 2nd Consecutive Day; Eyes 50 Day Average

EUR/SEK 4 Hour Price Update

Updated August 24, 2020 01:10 PM GMT (09:10 AM EST)

EUR/SEK entered the current 4 hour candle at 10.3653, up 122 pips (0.12%) from the last 4 hour candle. Relative to other instruments in the Forex asset class, EUR/SEK ranked 15th the last 4 hour candle in terms of percentage price change.

EUR/SEK End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/SEK is up 390 pips (0.38%) since yesterday (opening today near 10.36219), marking the 2nd consecutive day an upward move has occurred. Out of the 40 instruments in the Forex asset class, EUR/SEK ended up ranking 8th for the day in terms of price change. Here is a price chart of EUR/SEK.


EUR/SEK Technical Analysis

Coming into today EUR/SEK is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 8 out of the past 14 days.

Forex Frank is a forex analyst and market commentator with nearly two decades of experience in currency trading. Follow him on social media: Facebook | Twitter | Instagram