EURSEK Forecast and Live Chart

The Euro/Swedish Krona currency pair (also referred to as EURSEK and EUR/SEK) is considered an exotic pair. In this article, we will examine how EURSEK is performing.

EURSEK Key Stats

  • 2021 high: 10.3687
  • 2021 low: 9.8636
  • YTD high: 11.0645
  • YTD low: 10.2112
  • YTD % change: +6.8%

EURSEK Forecast

The EURSEK has been steadily rising since the end of 2021, with a couple of significant pullbacks in between. However, the move since August has been pretty much one-way traffic to the upside, with the price now trading around its early-pandemic levels. Both countries’ economies are facing headwinds, but as the euro is seen as more of a safer bet, the upside has prevailed. However, with significant uncertainty ahead (think energy) for both the Eurozone and the Swedish economies, we are currently neutral on this pair.


EURSEK Fundamental Analysis

Fundamental analysis can be a great tool in helping traders ascertain a directional bias for a currency pair by assessing the current condition of the two economies.

Before the pound’s collapse, all eyes were on the euro as it fell below parity against the dollar. Despite its rise against the SEK, it is still below parity vs. the USD. Russia’s halt to gas supplies has heightened fears about a deepening energy crisis, especially over the fast-approaching winter. The euro has had a significant inverse correlation with natural gas prices in recent months. With energy prices rising, the euro has been sinking as Europe continues its attempt for a clean break from Russian supplies. Investors expect further rate hikes by the ECB, with inflation in Eurozone nations continuing to rise.

The Swedish Krona moves heavily on its monetary policy. Its central bank is one of the oldest banks to date. The SEK is also impacted by the currencies of other Nordic countries, such as the Danish Krone or the Norwegian Krone. While the move against the euro may not appear so, with Sweden being a small economy, the SEK is considered a safe haven due to its tech-savvy workforce and numerous multinational corporations. Therefore, any global uncertainties, such as inflation worries or recessions, can cause a rise in the SEK. However, recent years have seen overall weakness for the Krona, despite the country’s central bank raising rates.

Related Articles

EURSEK Technical Analysis

Technical analysis is great for short-term traders, but it is also helpful for long-term traders as well, helping to define entry and exit points in a trade.

The EURSEK is currently trading around levels last seen early in the pandemic after a substantial rise starting in early August. It has since run into some slight resistance trying to breach those highs and is pulling back slightly on the daily chart, looking o form a flag pattern. A key level it may bounce from on the downside is the swing high from March 2022, although the 50 MA also looks as though it will provide some support on a more significant pullback. If traders are looking for a further upside move, areas to potentially target are the most recent swing high and the 11.1003 level.

Trade EURSEK with our top brokers

Broker Features Regulator Platforms Next Step
Number One Broker tickmill_logo-173 % of retail CFD accounts lose money Founded: 2014
73 % of retail ...
  • Ultra-fast execution from 0.1s
  • Low spreads from 0.0 pips
  • All trading strategies allowed
FSA SC MetaTrader 4, Web Trader
BlackBull Markets LogoYour capital is at risk Founded: 2014
  • Leverage Up To 500:1
  • $200 Min Deposit
  • 60+ Tradeable Instruments
Your capital is at risk Founded: 2006
Europe* CFDs ar...
  • 40% New Member Bonus
  • Regulatory licenses across 5 continents
  • 24/7 trading
ASIC, FSA, FSB, MiFID MetaTrader4, Sirix, AvaOptions, AvaTrader, Mirror Trader
Between 74-89% of CFD traders lose Founded: 2010
Between 74-89 % of retail investor accounts lose money when trading CFDs
  • Four user-friendly trading platforms
  • Consistently rater No1 for Trader Support
  • Set up by traders, for traders
ASIC, FCA MetaTrader 4, MetaTrader 5, cTrader
Your capital is at risk Founded: 2020
  • Impressive range of trading platforms
  • Tight spreads and low commissions
  • Excellent customer services
  • STP and ECN trade execution
- Pro Trader, MT4, MT5
vantage logoYour capital is at risk Founded: 2009
  • Leverage up to 500:1
  • $200 Min Deposit
  • Spreads from 0.0
CIMA MetaTrader 4, MetaTrader 5, WebTrader
LegacyFX LogoYour capital is at risk Founded: 2012
  • Meta Trader 5 Trading platform
  • Exclusive professional trading tools
  • Dedicated support staff during all trading hours
BaFin, CySEC, FCA, NBRB, VFSC MetaTrader 5
AdroFX LogoYour capital is at risk Founded:
  • Crypto deposits possible
  • Bonus offers
  • Leverage up to 1:500
  • MT4 and Allpips platforms
FSA, VFSC MetaTrader 4, Web Trader, Social Trading Allpips, Web Platform Allpips
Your capital is at risk Founded: 2000
  • Good range of assets, such as CFDs
  • Fully regulated brokerage
  • Multi-lingual reporting
DFSA, FCA, FINMA, MFSA, only EU traders), SFC FCA (Swissquote LTD MT4, MT5, AdvancedTrader
Trade360 LogoYour capital is at risk Founded: 2013
  • Over 200 Tradeable Accounts
  • $50 no deposit bonus
  • Trading Central Insight Portal
CySEC CrowdTrading
Oanda Logo77% of retail CFD accounts lose money Founded: 1996
  • No Minimum Deposit
  • Over 100 instruments
  • Web, desktop, mobile platform and MT4

vt markets logoYour capital is at risk Founded: 2016
Your capital is at risk Founded: 2015
  • $50 Min Deposit
  • Flexible Leverage
  • Low Min Order Values
Your capital is at risk Founded: 1991
73.05% of investors lose money when trading CFDs with FXCM
  • Enhanced Execution and pricing.
  • Award-winning trading platform
  • Free Access to Exclusive Trading Tools
- FXCM Trading Station (Web, Desktop, Mobile), FXCM MetaTrader 4, NinjaTrader
city index new75% of clients lose money. Capital at risk. Founded: 1983
  • Exceptional customer service
  • Beginner-friendly
  • Free Webinars
ASIC, FCA, MAS Advantage Web, AT Pro, MT4, WebTrader
Exness LogoYour capital is at risk Founded: 2008
  • Instant automated withdrawals 24/7
  • Commission-free Standard accounts
  • Some of the lowest spreads on the markets and stable execution
  • Unlimited leverage
  • Free VPS Hosting
CySEC, FCA, FSA, FSCA MT4, MT5, WebTerminal
Your capital is at risk Founded: 2017
SquaredFinance LogoYour capital is at risk Founded: 2016
fusion markets logoYour capital is at risk Founded: 2017

Lowest Commissions in Australia

$4.50 per lot RT

Your capital is at risk Founded: 2012
Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose.
  • High leverage.
  • Variety of trading tools.
  • Multilingual support.
  • Excellent range of educational tools
  • Leverage up to 1:1000
  • Spreads from 0.3 Pips
  • Only a $10 minimum deposit
FSA, FSC MT4, MT5, WebTrader, Proprietary Mobile App