FxWirePro: EUR/SEK retreats from near 1-week peak, likely to break below 7-EMA
The Swedish Krona nudged up as the euro eased after data showed Eurozone inflation slowed to its weakest pace in five months driven by a collapse in global oil prices. Eurozone's consumer prices rose 0.5 percent in March…
The Swedish Krona nudged up as the euro eased after data showed Eurozone inflation slowed to its weakest pace in five months driven by a collapse in global oil prices.
Eurozone's consumer prices rose 0.5 percent in March against February for a 0.7 percent year-on-year gain, decelerating from 1.2 percent annual growth in February.
EUR/SEK trades 0.1 percent down at 11.0481, having hit a low of 10.8608 on Wednesday, its lowest since March 18.
Immediate resistance is located at 11.1088, any close above could take it near 11.1415.
On the lower side, support is seen at 11.0244 (10-DMA), break below could take it till 11.0062 (7-EMA).
