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EURSEK test the Psychological 11.50 level

EUR
  • EURSEK test that 11.50 handle, with the SEK seeing broader selling, testing session low against the NOK and the USD.
  • Some suggestion that the Risk off has been one of the driver, but also potentially on concerns regarding the Swedish Real Estate market.
  • Next immediate resistance in EURSEK is at 11.5296 - 1.00 projection of the Mar 21 - Apr 10 - May 9 price swing.

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