Deutsche Bank Trade Of The Week: Sell EUR/SEK Targeting 9.15

[thenews]

Currency investors should consider selling EUR/SEK this week, advises Deutsche Bank in its weekly FX pick to clients.

"These are relatively good levels to reenter EUR/SEK shorts, Thursday’s Riksbank meeting notwithstanding. Even if the Riksbank were to cut rates again, a very strong domestic data pulse mean that the move should be faded," DB says as a rationale behind this call.

DB recommends selling EUR/SEK with a target at 9.15, and a stop at 9.52.