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FxWirePro: EUR/SEK retreats from 1-week low, finds support at 21-EMA 

  • The Swedish Krona eased, retreating from a 1-week peak hit in the prior session.
     
  • On Tuesday, the pair slumped as low as 10.8613 but retraced to close above 21-EMA. 
     
  • Investors seem to have ignored upbeat Swedish household consumption figures, which increased 0.4 percent from a month earlier in February, up from an upwardly revised -0.3 percent in January. 
     
  • EUR/SEK trades 0.1 percent up at 10.9357, having hit a high of 11.0327 on Monday, its highest since March 31.
     
  • Immediate resistance is located at 10.9900, any close above could take it near 11.0120.
     
  • On the lower side, support is seen at 10.9095, break below could take it till 10.8950.
     
  • Market Data
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