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Riksbank Governor Ingves and Dep...........>

EURO-SEK
EURO-SEK: Riksbank Governor Ingves and Dep Governor Floden will be testifying
before parliament today between 8:00-10:00GMT.
- Floden voted for a hike in the October meeting but Ingves has still given
little away regarding his thoughts of whether a Dec or Feb hike would be more
appropriate, so Ingves' comments should be watched closely for any guidance.
- EURSEK is currently sitting just below the 200-dma which comes in at 10.3085.
We have yet to close below the 200-dma since Oct 2017.
- We think that Ingves is likely to remain sat on the fence but if he does point
to a Dec hike, we could well see EURSEK close below the 200-dma today.
- The next key level to the downside is 10.2855, Sep28 low which is also the
lowest level since early Aug.
- We are starting to see a triangle formation form with 10.2855 as the base. We
need to break below here to see a sustained move lower.

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