EUR/SEK stays constructive – Danske Bank

Chief Analyst at Danske Bank Christin Tuxen reviewed the recent performance of the cross.

Key Quotes

“The setback in EUR/SEK from above 10.20 was justified, as the cross became heavily overbought (RSI) and was prone for a correction but has also gone hand in hand with lower EUR-SEK relative rates, a period of improved house market sentiment and the fall in the relative surprise index”.

“As for rates and housing, it should be a temporary ‘stabilisation’, rather than a sustained turnaround”.