The overhead resistance in the EUR/SEK continues to keep a lid on prices. On the chart below we can see a general area between 9.600 and 9.7200. Notice the many spikes near this area in the past. This signals strong selling pressure.
We are currently quoted at 9.6252, so we're right inside this resistance area. This means that any price gains should be minimal. In September we traded to a high of 9.6654 but the pair again met heavy selling to bring it down to current levels around 9.62-9.63 Euro…
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