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FxWirePro: EUR/SEK hovers around 9.77 mark, stay bearish

Monday, December 19, 2016 8:46 AM UTC

EUR/SEK is currently trading around 9.7661 levels.
It made intraday high at 9.7874 and low at 9.7603 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.8420 marks.
A daily close below 9.7573 will take the parity down towards key supports at 9.7276, 9.7087, 9.6892 and 9.6742 marks respectively.
On the other side, a daily close above 9.7573 is required to take the parity higher towards key resistances at 9.8295, 9.8351, 9.8432 and 9.8689 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go short on EUR/SEK around 9.77, stop loss at 9.8007 and target of 9.7087.

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FxWirePro: EUR/SEK hovers around 9.77 mark, stay bearish

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