EUR/SEK: Trading in the 10.60-80 range for the coming weeks – Danske Bank

FXStreet Team FXStreet

Analysts at Danske Bank see the EUR/SEK trading in the 1.060-80 range in the coming weeks. The pair is currently sitting at 10.6140.

Key quotes

“EUR/SEK continues to trade below the 200-dma although seemingly having lost some of its downside momentum.”

“We still believe the 10.60-80 range to be applicable to the cross for the coming weeks.”

“Global equities and risk sentiment remain the main driver of the SEK, whereas macro data is currently in the back seat.”

Author

FXStreet Team

FXStreet

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.