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.