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Add as a preferred source on Google FxWirePro: EUR/SEK halts 2-day rally, struggles to break below 7-EMA The Swedish Krona nudged up, retreating from a near 2-week low recorded in the prior session. On Tuesday, the pair broke above major resistance 21-DMA but failed to regain the 11.000 level. EUR/SEK trades 0.3 percent dow…
By FxWirePro Team Apr 22, 2020, 12:10 PM UTC
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The Swedish Krona nudged up, retreating from a near 2-week low recorded in the prior session.
On Tuesday, the pair broke above major resistance 21-DMA but failed to regain the 11.000 level.
EUR/SEK trades 0.3 percent down at 10.9377, having hit a high of 10.9746 on Tuesday, its highest since April 8.
Immediate resistance is located at 10.9850, any close above could take it near 11.000.
On the lower side, support is seen at 10.9103, break below could take it till 10.9030.
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