EUR/SEK poised for further advances – Danske Bank

The Swedish Krona is expected to remain on the defensive for the time being, noted Chief Analyst at Danske Bank Jakob Christensen.

Key Quotes

“We have been bullish on EUR/SEK for some time and have now reached our 10.00 3M target – what next? A short-term correction is possible, but it is hard to see what could prompt a meaningful trend turnaround”.

“Instead, we see fundamental arguments for EUR/SEK staying up, even establishing itself above 10.00 for a longer period of time”.