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FxWirePro: Riksbank's Jansson on the wires, EUR/SEK holds 9.3230 lows despite intervention reference

Riksbank's Jansson was speaking at a trade union confederation, says expects economic activity, productivity and inflation to develop normally Jansson says would like to see crown strengthen slowly ahead and stands ready…

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EconoTimes — Reading the Times. Understanding the Future.

  • Riksbank's Jansson was speaking at a trade union confederation, says expects economic activity, productivity and inflation to develop normally

  • Jansson says would like to see crown strengthen slowly ahead and stands ready to act between meetings

  • EUR/SEK daily price action has dipped below the cloud, price was rejected at 9.3570, Stochs show bearish crossover, but remain at oversold indicating caution

  • EUR/SEK is currently trading at 9.3196, showing considerable resilience despite intervention talk by the c.banker

  • Immediate resistance is seen at 9.3353 (4h Tenkan), while support on the downside is seen at 9.3088 (July 15 lows)
Resistance Levels:

R1: 9.3250 (Daily Low Sep 14)

R2: 9.3353 (4h Tenkan)

R3: 9.3800 (200-Day MA)

Support Levels:

S1: 9.3088 (July 15 lows)

S2: 9.2750 (Daily Low Jul 16)

S3: 9.1970 (Daily Low Jun 23)

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