EUR/SEK broke out above a multi-month pattern line leading to a relocation towards 11.10 in October. Financial Experts at Société Générale anticipate the set to advance well towards 11.10, then 11.26.
Upward momentum dominates
” Currently a stage of pullback is in progress nevertheless the set has up until now effectively protected that assistance line at 10.68/ 10.63.”
” Daily MACD has actually gotten in favorable area signifying occurrence of upward momentum.”
” Holding above 10.68/ 10.63, the up relocation might continue slowly towards 11.10 and forecasts of 11.26.”
See — EUR/SEK: Krona to damage over the coming quarters– Danske Bank