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Focus is on the Scandis in FX

FOREX
  • Focus in FX is still on the Scandis, and especially the EURSEK and the EURNOK.
  • EURSEK made another 13yr high yesterday to 11.4434 (highest since December 2009).
  • Further upside momentum will open to the psychological 11.500.
  • EURNOK tested the psychological 11.10 yesterday, but failed to see a clear break through that level, did print a 11.1086 high yesterday.
  • Main upside area of interest is still at the October 2020 high, at 11.2113.

Chart source: MNI/Bloomberg

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