Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/SEK retreats from near 1-week peak, likely to break below 7-EMA

  • The Swedish Krona nudged up as the euro eased after data showed Eurozone inflation slowed to its weakest pace in five months driven by a collapse in global oil prices.
     
  • Eurozone's consumer prices rose 0.5 percent in March against February for a 0.7 percent year-on-year gain, decelerating from 1.2 percent annual growth in February.
     
  • EUR/SEK trades 0.1 percent down at 11.0481, having hit a low of 10.8608 on Wednesday, its lowest since March 18.
     
  • Immediate resistance is located at 11.1088, any close above could take it near 11.1415.
     
  • On the lower side, support is seen at 11.0244 (10-DMA), break below could take it till 11.0062 (7-EMA).
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.