Friday, September 21, 2012

EUR/SEK intraday: rebound towards 8.506


Our pivot point is at 8.456
Our preference:  rebound towards 8.506.
Alternative scenario: below 8.456, expect 8.442 and 8.434.
Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 8.4816 and 8.5451).

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