FxWirePro: EUR/SEK breaks below 21-EMA, likely to continue bearish momentum
The Swedish Krona rose, extending previous session gains. Sweden's central bank stated that it will extend its loan programme to individual companies, in a bid to reach businesses affected by the coronavirus outbreak. EU…
The Swedish Krona rose, extending previous session gains.
Sweden's central bank stated that it will extend its loan programme to individual companies, in a bid to reach businesses affected by the coronavirus outbreak.
EUR/SEK trades 0.4 percent down at 10.8775, having hit a high of 11.0327 on Monday, its highest since March 31.
The pair breached major support level 21-EMA and is likely to continue bearish momentum.
Immediate resistance is located at 10.9417 (21-DMA), any close above could take it near 10.9574.
On the lower side, support is seen at 10.8505, break below could take it till 10.8452.
