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Forex: EUR/SEK in highs after Swedish CPI

FXstreet.com (Barcelona) - The Swedish krona is quickly losing ground against its European counterpart on Tuesday, after consumer prices in the Nordic economy contracted further during April. The CPI dropped 0.2% on a monthly basis and 0.5% over the last twelve months vs. 0.4% and -0.2% previous, respectively.

At the moment, the pair is advancing 0.50% at 8.6226 with the next resistance at 8.6489 (high Apr.24) ahead of 8.6535 (high Feb.1).
On the downside, a break below 8.5155 (MA200d) would expose 8.4965 (MA100d) and finally 8.4874 (low Apr.22).

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Forex Flash: GBP has eroded the 1.5369 channel support - Commerzbank

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