交易新闻
7 May 2013
Forex: EUR/SEK testing Monday’s lows around 8.5300
FXstreet.com (Barcelona) - The stronger Swedish krona is dragging the cross to a revisit of yesterday’s lows in the vicinity of 8.5200 on Tuesday, after the industrial production in the Scandinavian economy has left behind February’s contraction and posted a flat print in March.
Empty docket ahead in the week for the SEK, although the most relevant event in the region will be the Norges Bank monetary policy meeting tomorrow. Market consensus expects the central bank to leave the repo rate unchanged at 1.5%.
As of writing, the cross is down 0.38% at 8.5299 with the next support at 8.4874 (low Apr.22) ahead of 8.4810 (low May 6) and finally 8.4585 (high Mar.25).
On the upside, a surpass of 8.5800 (high May 2) would open the door to 8.6489 (high Apr.24) and 8.6535 (high Feb.1).
Empty docket ahead in the week for the SEK, although the most relevant event in the region will be the Norges Bank monetary policy meeting tomorrow. Market consensus expects the central bank to leave the repo rate unchanged at 1.5%.
As of writing, the cross is down 0.38% at 8.5299 with the next support at 8.4874 (low Apr.22) ahead of 8.4810 (low May 6) and finally 8.4585 (high Mar.25).
On the upside, a surpass of 8.5800 (high May 2) would open the door to 8.6489 (high Apr.24) and 8.6535 (high Feb.1).