EURSEK Down 24 Pips in Last Hour; Breaks Below 20 and 100 Day Averages

Hourly Update

(Last Updated October 8, 2021 10:18 GMT)

At the time of this writing, EURSEK’s rate is down -24 pips (-0.02%) from the hour prior. The hourly chart shows that EURSEK has seen 2 straight down hours. 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 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)

EURSEK entered today at 10.1504, down 203 pips (0.2%) from the day prior. Compared to its peers in the Forex, EURSEK gave its buyers a return that ranked 32nd in terms of percentage change since the day prior. The price chart of EURSEK below illustrates.

EURSEK

EURSEK Technical Analysis

Notably, EURSEK crossed below its 20 and 100 day moving averages 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 200 day average, which is 15.2 pips away. For additional context, note that price has gone up 15 out of the past 30 days.