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FX Essentials: EUR/SEK Set To Stay Bid On 'Housing Risk Premium'

Published 11/20/2017, 07:32 AM

EUR/SEK - a 'housing risk premium' has entered SEK crosses and we expect the cross to do a new test of 10.00 near term.

EUR/NOK - expect stabilisation but NOK leg remains vulnerable in the month ahead - look strategically to sell cross ahead of year-end.

EUR/USD - range of 1.1479-1.1880 for now - tactically consider selling on spikes above 1.18 for a move lower short term.

EUR/GBP - range of 0.8650-0.9000 near term, with risks skewed on the upside: consider buying on dips to 0.8850 with tight stops.

USD/JPY - risk appetite and positioning downside risk factors - go long if cross fails to break below the key 111.65 support level.

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