FxWirePro: EUR/SEK retreats from 1-week low, finds support at 21-EMA
The Swedish Krona eased, retreating from a 1-week peak hit in the prior session. On Tuesday, the pair slumped as low as 10.8613 but retraced to close above 21-EMA. Investors seem to have ignored upbeat Swedish household …
The Swedish Krona eased, retreating from a 1-week peak hit in the prior session.
On Tuesday, the pair slumped as low as 10.8613 but retraced to close above 21-EMA.
Investors seem to have ignored upbeat Swedish household consumption figures, which increased 0.4 percent from a month earlier in February, up from an upwardly revised -0.3 percent in January.
EUR/SEK trades 0.1 percent up at 10.9357, having hit a high of 11.0327 on Monday, its highest since March 31.
Immediate resistance is located at 10.9900, any close above could take it near 11.0120.
On the lower side, support is seen at 10.9095, break below could take it till 10.8950.
