EUR/SEK likely to resume its up move once a breakout above 11.95 materializes

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EUR/SEK likely to resume its up move once a breakout above 11.95 materializes
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EUR/SEK uptrend has stalled after retesting of July high near 11.95. Economists at Société Générale analyze the pair’s technical outlook. Signals of a

EUR/SEK uptrend has stalled after retesting of July high near 11.95. Economists at Société Générale analyze the pair’s technicalThe pair has witnessed range-bound price action recently however, signals of a large decline are not yet visible. Once a breakout above 11.95 materializes, EUR/SEK is likely to resume its up move and head gradually towards projections at 12.10 and 12.19.

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