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Testing low against the USD and the EUR

SEK
  • The SEK extends losses against the EUR and the Dollar, with risk tilted to the downside.
  • USDSEK and Yesterday's high at 10.4520 looks to close not to be tested, but initial resistance is seen at 10.4843, the very short term 38.2% retracement of the July fall.
  • Resistance in EURSEK comes at 11.6058 (all prices are according to Bloomberg).

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