Forex: EUR/SEK dips to lows around 8.3200

The Swedish krona has sharply appreciated against the euro on Tuesday, after consumer prices in the Scandinavian economy posted an annual contraction of 0.2%, banging on estimates albeit below January’s 0.0%.

At the moment, the cross is losing 0.15% at 8.3213 with the next support at 8.2587 (Lower Bollinger) ahead of 8.2100 (low Aug.28 2012) and finally 8.2020 (low Aug.16 2012).
On the upside, a breakout of 8.3400 (high Mar.11) would accelerate the upside to 8.3650 (high Mar.5) en route to 8.3840 (MA14d).