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Scandis are paring losses

EUR
  • Market participants continue to fade the EURSEK and EURNOK rallies.
  • EURNOK found some resistance yesterday at 11.1535 (highest print since October 2020), and is now drifting towards 11.0000, now at 11.0430.
  • EURSEK printed a 11.4434 on Monday (highest since 2009), and is now drifting towards 11.3000.
  • Support here is seen at 11.2882 initially.

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