Tuesday, September 18, 2012

EUR/SEK intraday: as long as 8.617 is support look for 8.663


Our pivot point stands at 8.617.
Our preference: as long as 8.617 is support look for 8.663.
Alternative scenario: the downside breakout of 8.617 would call for 8.603 and 8.595.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is above its 20 and 50 MAs( respectively at 8.6212 and 8.5638).

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