FxWirePro: EUR/SEK extends losses below 10.7000, minor support at 200-DMA
The Swedish Krona advanced, extending previous session gains as oil rallied to near 3-week peak. Moreover, the Swedish currency was also supported by upbeat economic data that showed the Gross Domestic Product expanded 0…
The Swedish Krona advanced, extending previous session gains as oil rallied to near 3-week peak.
Moreover, the Swedish currency was also supported by upbeat economic data that showed the Gross Domestic Product expanded 0.50 percent in the first quarter over the same quarter of the previous year.
EUR/SEK trades 0.4 percent down at 10.6992, having hit a low of 10.6339 on Thursday, its lowest since March 9.
Immediate resistance is located at 10.7754, any close above could take it near 10.7990.
On the lower side, support is seen at 10.6811, break below could take it till 10.6612.
