The EUR/SEK currency pair has recently experienced volatility, breaking below the lower limit of a multi-month triangle pattern. This has resulted in a significant decline, according to the FX analysts at Sociéte Générale.

Market watchers are paying close attention to the recent pivot high of 11.20, which analysts identify as a likely resistance level. SocGen’s analysis suggests that any attempts to rally past this point could face considerable selling pressure.

As the Swedish economic outlook fluctuates, traders are advised to monitor both EUR and SEK developments. Observing key economic indicators from both regions will be crucial in navigating this pair going forward.