Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 13.47% from the day before — and down 23.93% from the same day the week before.
The closest is the 50 day average, which is 341.1 pips away.
Relative to other instruments in the forex asset class, eur/sek ranked 32nd yesterday in terms of percentage price change.
It should be noted, though, the 50 day simple moving average turned downwards, which may be a bearish sign.
The closest is the 50 day average, which is 122.4 pips away.