Forex: EUR/SEK bouncing off lows

FXstreet.com (Barcelona) - The Swedish krona is markedly appreciating against the single currency on Monday, after Riksbank’s Deputy Governor Svensson said he would step down when his term expires in May. Svensson, known by his dovish stance, said “he hasn't managed to get support for optimal monetary policy targeting inflation/Unemployment”, commented Erica Blomgren, FI Strategist at SEB.

At the moment, the cross down 0.32% at 8.5066 with the next support at 8.4899 (high Feb.21) followed by 8.4585 (high Mar.25).
On the flip side, a break above 8.5456 (high Apr.18) would bring 8.5560 (high Apr.22) and then 8.6400 (high Feb.8).