Chart - Courtesy Trading View
Riksbank on Tuesday raised its policy rate by 100 basis points (bps) to 1.75%.
Markets were anticipating a 75 basis points rise and SEK fell across the board after the announcement.
EUR/SEK was trading 0.20% higher on the day at 10.8169 at around 09:05 GMT.
The pair is extending bullish bias for the 4th straight session, outlook is bullish.
Price action has bounced off 200-DMA and has broken above daily cloud, raising scope for further gains.
Momentum is bullish, volatility is high and rising, Chikou span is biased higher. GMMA indicator shows major and minor trend are bullish.
EUR/SEK is poised to extend gains. The pair is on track to refresh 2022 highs above 10.9049.
