EUR/SEK points to the lower end of the range – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Apr 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Chief Analyst at Danske Bank Jens Pedersen believes the cross could slip towards the lower band of the range in the next weeks.

    Key Quotes

    “EUR/SEK fell sharply on Tuesday following the higher-than-expected March inflation data”.

    “The data only make us more confident that the Riksbank will stay put next week. We still see EUR/SEK in a broad 9.10-9.50 range but clearly with the bias shifting to the lower end of the range”.

    “Near-term psychological support comes in at 9.15 ahead of the low from 30 December last year at 9.1220, which was the day when the Riksbank issued a statement warning against SEK strength”.

    “A break through 9.15 could trigger verbal intervention from the Riksbank again protecting the downside”.
    For more information, read our latest forex news.

Share This Page

free forex signals