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3 Sep 2015
EUR/SEK slumps to 9.3900 on Riksbank
FXStreet (Edinburgh) - The Swedish krona is rapidly appreciating against the euro today, dragging EUR/SEK to lows near 9.3900.
EUR/SEK weaker post-Riksbank
The decline in the cross has gathered traction after the Riksbank has left its benchmark rate unchanged at -0.35% at today’s meeting, in line with initial opinions.
The cross has dropped to multi-week lows around 9.38 in the wake of the release, levels last seen in late July.
EUR/SEK key levels
At the moment the cross is retreating 0.73% at 9.3991 facing the next support at 9.3938 (low Sep.3) ahead of 9.3361 (low Jul.22) and finally 9.3239 (low Jul.21). On the flip side, a breakout of 9.5473 (high Sep.2) would aim for 9.6133 (high Aug.27) and then 9.6751 (high Aug.26).
EUR/SEK weaker post-Riksbank
The decline in the cross has gathered traction after the Riksbank has left its benchmark rate unchanged at -0.35% at today’s meeting, in line with initial opinions.
The cross has dropped to multi-week lows around 9.38 in the wake of the release, levels last seen in late July.
EUR/SEK key levels
At the moment the cross is retreating 0.73% at 9.3991 facing the next support at 9.3938 (low Sep.3) ahead of 9.3361 (low Jul.22) and finally 9.3239 (low Jul.21). On the flip side, a breakout of 9.5473 (high Sep.2) would aim for 9.6133 (high Aug.27) and then 9.6751 (high Aug.26).