FxWirePro: EUR/SEK halts 2-day rally, struggles to break below 7-EMA
Wednesday, April 22, 2020 12:10 PM UTC
- The Swedish Krona nudged up, retreating from a near 2-week low recorded in the prior session.
- On Tuesday, the pair broke above major resistance 21-DMA but failed to regain the 11.000 level.
- EUR/SEK trades 0.3 percent down at 10.9377, having hit a high of 10.9746 on Tuesday, its highest since April 8.
- Immediate resistance is located at 10.9850, any close above could take it near 11.000.
- On the lower side, support is seen at 10.9103, break below could take it till 10.9030.