Jens Pedersen, Senior Analyst at Danske Bank, suggested occasional up moves in the cross are seen as selling opportunities for the time being. Key Quotes “Yesterday, EUR/SEK breached below the technically important 200-day moving average at 10.308, which opens the way for the next support level at 10.2275″. “We have previously alluded to a couple of potentially SEK-negative events that could materialise before the 20 December Riksbank decision, such as the risk of a new election and the seasonal pattern for EUR/SEK going into year-end”. “We maintain that the cross is a sell on rallies towards 10.40/50 with a 10.20 target as we approach the Riksbank rate hike that is due in December”. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Modest upstream inflation in PPI – Nomura FX Street 4 years Jens Pedersen, Senior Analyst at Danske Bank, suggested occasional up moves in the cross are seen as selling opportunities for the time being. Key Quotes "Yesterday, EUR/SEK breached below the technically important 200-day moving average at 10.308, which opens the way for the next support level at 10.2275". "We have previously alluded to a couple of potentially SEK-negative events that could materialise before the 20 December Riksbank decision, such as the risk of a new election and the seasonal pattern for EUR/SEK going into year-end". "We maintain that the cross is a sell on rallies towards 10.40/50 with a 10.20… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
