Thursday, October 15, 2026

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FxWirePro: EUR/SEK fails to sustain gains above 10-DMA, investors eye Swedish inflation

The Swedish Krona declined, hovering away from a 3-1/2 week peak hit last week, ahead of the release of March inflation figures. Markets expect a -0.4 percent decline in inflation month on month in March, down from a 0.5…

By FxWirePro Team
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FxWirePro: EUR/SEK fails to sustain gains above 10-DMA, investors eye Swedish inflation
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  • The Swedish Krona declined, hovering away from a 3-1/2 week peak hit last week, ahead of the release of March inflation figures.
     
  • Markets expect a -0.4 percent decline in inflation month on month in March, down from a 0.5 percent increase in February.
     
  • The drop in inflation isn’t expected to be associated with low consumption as there is no lockdown in Sweden but due to falling oil prices. 
     
  • EUR/SEK trades 0.1 percent up at 10.9117, having hit a low of 10.8452 on Friday, its lowest since March 17.
     
  • Immediate resistance is located at 10.9292, any close above could take it near 10.9599.
     
  • On the lower side, support is seen at 10.8607, break below could take it till 10.8452.

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By FxWirePro Team