Eur/sek

Jane Foley, head of FX strategy at Rabobank, suggests that by hiking rates and ending the era of negative interest rates, the Riksbank has sparked a discussion as to whether other central banks will follow-suit.

Key Quotes
“The Riksbank had been handed a policy advantage insofar as the SEK had been on a depreciating trend since 2016. This has allowed policymakers to move rates to stem the impact of the side-effects of negative rates such as house price inflation and the high level of household debt and the pressure on the banking sector. That said, in an environment of slowing growth, the rate hike is still a risk.”

The common European currency has been appreciating steadily against the Swedish Krona since early September. This movement north has allayed during the past three weeks, as the rate has been lingering slightly below the 2010-2017 high of 10.03. This peak was reached on December 12, and the Euro has since edged lower. The same bearish sentiment is likely to prevail during the following weeks, as well.

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EUR/SEK
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Although Sweden is in the Euro-Zone and is required to adopt the Euro currency due to a 1995 accession treaty, a formal loophole has allowed the nation to maintain its 230 year old krona (crown). The EURappreciated strongly during the financial crisis, but the Swedish krona has benefited from the current Euro-Zone crisis as market participants are wary of the single bloc currency's future. The pair will continue to remain somewhat volatile as the Euro-Zone faces a myriad of issues.

EURSEK bounced off 10.3924 where it could potentially rise further to 10.6061.
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Losses can exceed the initial investment so please ensure you fully
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Resistance Level (R3): 10.528
Resistance Level (R2): 10.513
Resistance Level (R1): 10.488

Pivot Point: 10.472
Support Level (S1): 10.447
Support Level (S2): 10.432
Support Level (S3): 10.4

Today Market trend:sell

Current price aur previous price market ke down hony ka ishara de rahe hain

Resistance and Support points bhi market ke down hony ka ishara de rahe hain

Isliye hum ko sell main trade laga deni chahiye

EUR/SEK

Market Trend is SELL

Resistance levels
1 Resistance=>10.4689
2 Resistance=>10.4938
3 Resistance=>10.5125

Supporting levels
1 Supporting=>10.4221
2 Supporting=>10.4002
3 Supporting=>10.3754
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Eursek:cur
eur-sek x-rate
10.5290sek+0.0401+0.38%
as of est 01/06/2020 edt
open
10.4845
prev close
10.4889
ytd return
0.27%
day range
10.484310.5434
52 week range
10.172810.9345

Today's market trend: buy

kal ki downward movement ko market continue kar skta hai kyuki market meh kafi downtrend tha kal or sellers kafi control me the ,
halaki price abhi ek resistance level pe hai us resistance ko market ache se test karega agar ye level break hota hai toh pakka strong up hy.:1f61a: