EUR/SEK to grind higher towards the 11.05 region – SocGen

EUR/SEK has extended its rebound after breaking out from a rectangle in January. Next bullish target is located at the 11.05 mark, economists at Société Générale report.

Next supports aligns at 10.63 and 10.40

“EUR/SEK looks poised to head higher towards 11.05, the 76.4% retracement from 2020.”

“Daily Kijun line at 10.63 and 10.40 are near-term supports.”