BUZZ-COMMENT-Swedish crown's recovery trend under threat

Feb 3 (Reuters) - U.S. President Donald Trump's tariff threats seriously pressured the euro and other European currencies but as corrections take hold the Swedish crown continues to under-perform and EUR/SEK is threatening to remove key resistance points.

The Swedish economy is extremely sensitive to economic swings in the eurozone economy and, amid mounting global growth concerns, the outlook for Sweden is dimming. A more hawkish tone at the Riksbank could also leave the economy vulnerable.

Swedish flash January inflation data is due for release this week and expectations are for price rises to undercut the Riksbank's forecast. However, the central bank's cautious stance at the last policy meeting might prove to be valid if a trade war kicks off, igniting inflationary pressures.

EUR/SEK has been on a downward trend since peaking at 11.7105 in November and hit a low of 11.4140 in January.

However, the last three sessions have seen the cross threaten the trend. A trend resistance line taken off the November high was breached on Friday and further gains early on Monday have removed an 11.5130 high from January 27. The trend resistance line now provides support at 11.4830.

Ichimoku cloud twists can appear to attract price action and EUR/SEK has climbed from 11.4140 to push through an 11.5105-11.5207 twist value today.

The next target for the euro is at 11.5300, the high from January 14.

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