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Add as a preferred source on Google FxWirePro: EUR/SEK rebounds from 1-month low, faces resistance at 21-EMA The Swedish Krona eased after rising to a 1-month peak in the prior session. Earlier in the day, the pair rose as high as 10.8883 but found strong resistance at 21-EMA. EUR/SEK trades 0.3 percent up at 10.8674, having hi…
By FxWirePro Team Apr 20, 2020, 12:22 PM UTC
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The Swedish Krona eased after rising to a 1-month peak in the prior session.
Earlier in the day, the pair rose as high as 10.8883 but found strong resistance at 21-EMA.
EUR/SEK trades 0.3 percent up at 10.8674, having hit a low of 10.8363 on Friday, its lowest since March 17.
Immediate resistance is located at 10.8972 (10-DMA), any close above could take it near 10.9016.
On the lower side, support is seen at 10.8338, break below could take it till 10.8185.
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