EUR/SEK – Currency exchange rate forecast 06.06.2019: above its upper Bollinger band

EUR/SEK - Currency exchange rate forecast 06.06.2019: above its upper Bollinger band

Alternative scenario: below 10.5810, expect 10.5500 and 10.5320.

Our pivot point stands at 10.5810.

Our preference: our next up target stands at 10.6690.

Alternative scenario: below 10.5810, expect 10.5500 and 10.5320.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 10.6005 and 10.6073). Finally, the EUR/SEK is trading above its upper Bollinger band (standing at 10.6078).

Supports and resistances:

10.7050 **

10.6870 *

10.6690 **

10.6510

10.6102 last

10.5930

10.5810 **

10.5500 *

10.5320 **