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5 May 2015
EUR/SEK rangebound in the near term – Danske Bank
FXStreet (Edinburgh) - The cross could remain within the 9.00-9.60 range in the near term, according to analysts at Danske Bank.
Key Quotes
“We expect EUR/SEK to be stuck in a soft range of, say, 9.00-9.60, where the upside is capped by relative fundamentals, valuation and the ECB and the downside is protected by the Riksbank”.
“We recommend playing this range. More specifically, we recommend investors to look for buying opportunities in the pair on the back of this morning’s sell off”.
Key Quotes
“We expect EUR/SEK to be stuck in a soft range of, say, 9.00-9.60, where the upside is capped by relative fundamentals, valuation and the ECB and the downside is protected by the Riksbank”.
“We recommend playing this range. More specifically, we recommend investors to look for buying opportunities in the pair on the back of this morning’s sell off”.