EUR/SEK sticks to the bullish view – Danske Bank

The outlook on the cross remains bullish for the time being, noted FX Strategists at UOB Group.

Key Quotes

“We already have a bullish take on EUR/SEK based in part on a deflation story for the Swedish housing market, a story which has recently received extra fuel from another deflating asset market, namely equities”.

“After the rebound from last week’s lows, the cross is not far from our 1M 9.90 target and we still see it as a buy on dips”.