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
Source: https://www.fxstreet.com/news/eur-sek-to-pull-back-to-the-1125-region-on-a-three-month-view-rabobank-202307200621