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  • EUR/SEK is alternating gains with losses in the upper end of the weekly range in the 10.3300 region, where is located the key 200-day SMA.
  • Recently, poor data in the Scandinavian economy weighed on SEK and pushed the cross to multi-day peaks near the immediate target at/above 10.3500.
  • Further upside is still probable while above the 6-month support line, today at 10.2200, coincident with recent lows near 10.2000.
  • Volatility around SEK is expected to come from domestic politics and the likely rate hike by the Riksbank at some point by year-end or early 2019.

EUR/SEK daily chart













       Today Last Price:  10.3339
       Today Daily change:  -23  pips
       Today Daily change %:  -0.0223%
       Today Daily Open:  10.3362
       Previous Daily SMA20:  10.2949
       Previous Daily SMA50:  10.3419
       Previous Daily SMA100:  10.3867
       Previous Daily SMA200:  10.3312
       Previous Daily High:  10.3405
       Previous Daily Low:  10.2506
       Previous Weekly High:  10.3507
       Previous Weekly Low:  10.2676
       Previous Monthly High:  10.5375
       Previous Monthly Low:  10.2863
       Previous Daily Fibonacci 38.2%:  10.3062
       Previous Daily Fibonacci 61.8%:  10.2849
       Previous Daily Pivot Point S1:  10.2777
       Previous Daily Pivot Point S2:  10.2192
       Previous Daily Pivot Point S3:  10.1878
       Previous Daily Pivot Point R1:  10.3676
       Previous Daily Pivot Point R2:  10.399
       Previous Daily Pivot Point R3:  10.4575