{"id":21462,"date":"2011-06-02T05:07:50","date_gmt":"2011-06-02T09:07:50","guid":{"rendered":"http:\/\/www.forexyard.com\/blog\/en\/?p=14518"},"modified":"2011-06-02T05:07:50","modified_gmt":"2011-06-02T09:07:50","slug":"eursek-triangle-consolidation-pattern","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/02\/eursek-triangle-consolidation-pattern\/","title":{"rendered":"EUR\/SEK \u2013 Triangle Consolidation Pattern"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/profile-pics\/9.jpg\" width=\"120\"  alt=\"printprofile\" \/><\/p>\n<p>The EUR\/SEK is consolidating in a triangle chart pattern. Based on the long term trend of the pair the next move may be to the downside.<\/p>\n<p><span id=\"more-14518\"><\/span>From February to early April the euro came off of its lows versus the Swedish krona only to consolidate its gains in a defined triangle chart pattern. Moving to the weekly chart it is apparent that the long term trend of the pair is to the downside. Therefore, traders may see the EUR\/SEK to break below the rising lower boundary of the triangle pattern which comes in today at 8.8750. Initial resistance is found at the mid-March and April lows at 8.8550, followed by 8.7875, and finally at the March low at 8.700.<\/p>\n<p>However, should the EUR\/SEK break out higher from the consolidation pattern resistance would be found at the May high of 9.0730 and the April high of 9.1220.  <\/p>\n<p>Read more forex trading news on our <a href=\"http:\/\/www.forexyard.com\/blog\/en\/\">forex blog<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/06\/EURSEK.jpg\" alt=\"EURSEK\" title=\"EURSEK\" width=\"768\" height=\"614\" class=\"alignnone size-full wp-image-14519\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p> The EUR\/SEK is consolidating in a triangle chart pattern. Based on the long term trend of the pair the next move may be to the downside.<br \/>\nFrom February to early April the euro came off of its lows versus the Swedish krona only to consolidate its gains &#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-21462","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=21462"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}