EUR/SEK has staged an impressive rebound after forming a low near 9.86 earlier this month. Economists at Société Générale expect the pair to extend its move higher towards the 10.33 mark.
“Ongoing up move could persist towards graphical levels of 10.33 representing peak of August. This is likely to be an important hurdle.”
“Failure to cross the 10.33 can result in an initial pullback towards the MA near 10.15/10.13.”
See: EUR/SEK to head higher towards 10.20 as Riksbank is unlikely to rescue the krona – ING
© 2000-2021. All rights reserved.
This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at firstname.lastname@example.org.