- EUR/SEK is currently trading around 9.5413 levels.
- It made intraday high at 9.5495 and low at 9.5248 levels.
- Intraday bias remains neutral for the moment.
- A sustained break above 9.5325 tests key resistances 9.5657, 9.5913 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.5325 will tests key supports at 9.4959, 9.4652 and 9.4366 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
- Sweden will release household lending data at 0830 GMT.
We prefer to go long on EUR/SEK around 9.5385, stop loss at 9.5248 and target of 9.5657/9.5913.
