23 August 2002, 12:43  SEK retraces

EUR/SEK was hit by some profit taking in late European session as rumours of m&a took it to 9.20 after a 6-week low at 9.1250. But the risk to the upside should be limited as long as the euro struggles to make its marks versus the dollar. Initial support will be at yesterdays low while the 9.02-9.05 area formed firm support late last June. EUR/SEK traded around 9.20 in early European session. //www.idealforex.sg-ib.com

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