Investors are choosing the Swedish krona instead of the euro

Investors are choosing the Swedish krona instead of the euro thus giving strength to bears to force the pair lower. In March, the euro seemed unstoppable as it continuously secures gains against the Swedish krona and other currencies in the region in the previous sessions. However, things are now turning around for the beloved single currency as it heads down in the market. Perhaps the bond-buying program that was recently announced by the European Central Bank is draining the strength of bullish investors. Forex investors are betting on the “pro-cyclical” currency as it has no great exposure to oil directions to make a strong rebound against the euro. Moreover, more issues regarding the block and the stimulus program are holding back the euro in sessions, preventing it from defending against the Swedish krone. This time, the recent decision of a German court calls the European Central Bank to justify its massive bond-buying program.