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The EUR/SEK continues to trade locked in a relatively tight range. During May the total movement, low to high, was only 2.4 percent. The pair closed the month at 9.2706, barely 1 percent higher.
The long-term chart doesn't look any better for trend traders. Since the start of 2015 the EUR/SEK has been trading in a tight range between 9.0500 and 9.6800. Thus it seems logical to bet on more of the same for this pair. I'm forecasting 9.2737.
The long-term chart doesn't look any better for trend traders. Since the start of 2015 the EUR/SEK has been trading in a tight range between 9.0500 and 9.6800. Thus it seems logical to bet on more of the same for this pair. I'm forecasting 9.2737.