EUR/SEK to grind higher towards September 2020 levels of 10.66/10.68 – SocGen

The krona has continued to underperform at the start of the new year as it has extended the sell-off that started in November. Economists at Société Générale expect the EUR/SEK to inch higher towards the 10.66/68 region.

Downside limited

“EUR/SEK is likely to head higher towards September 2020 levels of 10.66/10.68.”

“Lower limit of the pattern at 10.20 should cushion.”