EUR/SEK to pull back to the 11.25 region on a three-month view – Rabobank

The SEK has been one of the better performing G10 currencies this month. Economists at Rabobank analyze Krona's outlook.

Many technical indicators suggest that the SEK is oversold

EUR/SEK is trading at levels well above long-term averages and many technical indicators suggest that the SEK is oversold. 

On the assumption that news regarding the stresses faced by commercial property companies remains contained, we expected EUR/SEK to pull back to the 11.25 region on a three-month view. 

See – EUR/SEK: Krona set to lose further ground in the coming days – Commerzbank