Free Trial

EUR/SEK closed below trend line support....>

EURO-SEK
EURO-SEK: EUR/SEK closed below trend line support on Monday (drawn from the
December 31 2018 low), although the 38.2% retracement of the January to May
rally (located at SEK10.5749) was respected on a closing basis, despite the
limited foray below, with the same holding true for the 100-DMA, which is
located at SEK10.5758 today.
- Rate last deals at SEK10.5755. Bears look for convincing breaks and closes
below the aforementioned support levels to open the way lower, while bulls will
look to quickly recover broken trend support at SEK10.6140.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.