Much like USD/SEK, EUR/SEK also appears to be in the formation of a bullish continuation pattern known as a Falling Wedge. This pattern – unlike the Pennant which has no clear directional bias in the congestive interim – has downward-sloping converging lines that compress the pair until it bursts above resistance. If this breach is met with follow-through, it could reinvigorate bullish sentiment and push EUR/SEK higher.