FxWirePro: EUR/SEK rebounds from 1-month low, faces resistance at 21-EMA
Monday, April 20, 2020 12:22 PM UTC
- The Swedish Krona eased after rising to a 1-month peak in the prior session.
- Earlier in the day, the pair rose as high as 10.8883 but found strong resistance at 21-EMA.
- EUR/SEK trades 0.3 percent up at 10.8674, having hit a low of 10.8363 on Friday, its lowest since March 17.
- Immediate resistance is located at 10.8972 (10-DMA), any close above could take it near 10.9016.
- On the lower side, support is seen at 10.8338, break below could take it till 10.8185.