© Dukascopy Bank SA
At the moment, the currency couple is attempting to overcome the 50-hour SMA at 8.9915 that prevents the pair from increasing the distance from a one-month low it hit a few days earlier. For the last six hours, the short-term SMA has been impenetrable; however, given a strong bullish bias among the SWFX traders, we may expect EUR/SEK to surpass this formidable resistance in the hours to come.
© Dukascopy Bank SA