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EURSEK continues its downtrend off YTD.....>

EURO-SEK
EURO-SEK: EURSEK continues its downtrend off YTD Aug29 highs (Sek10.7291),
before basing ahead of Sek10.5000. Focus turns to the Riksbank rate decision at
the bottom of the hour, no change in policy is widely expected with focus on the
rate path for direction. Near-term support is seen at Sek10.4795 which
represents the 50% retracement of Sek10.2299-10.7291, below here opens the
100-dma/Aug14 low (Sek10.3694/10.3511), ahead of long term uptrend support off
Jan lows at Sek10.3321. Last Sek10.5333. 

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