EUR/SEK Up 35 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

EUR/SEK 4 Hour Price Update

Updated June 03, 2020 01:21 AM GMT (09:21 PM EST)

The back and forth price flow continues for EUR/SEK, which started the current 4 hour candle off at 10.4306, up 35 pips 0.03% from the previous 4 hours. Compared to its peers in the Forex, EUR/SEK gave its buyers a return that ranked 23rd 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 81 pips (0.08%) since the day prior (opening today near 10.42897), 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 21st in terms of percentage change since the day prior. Let’s take a look at price chart of EUR/SEK.

EUR/SEK Technical Analysis

Coming into today the current price of EUR/SEK is sitting close to its 20, 50 and 200 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 1073.7 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!