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SEK is under considerable pressure

SCANDIS
  • SEK continues to be under considerable pressure, on the back of the risk off.
  • A sea of red screens for US and EAMA indices.
  • The Yen is the best performer, up 1.32%, and the CHF up 1.23% on safe haven.
  • Short EURSEK are bailing out, as the pair break through the 50% retrace of the 2020/2021 fall at 10.6454.
  • Further upside traction will open to the 61.8% retrace of 10.8297

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