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- EUR/SEK is currently trading around 10.6217 levels.
- It made intraday high at 10.6259 and low at 10.5887 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 10.6078 is required to take the parity higher towards key resistances at 10.6597, 10.6858, 10.7210, 10.7476, 10.8017 and 10.9355 levels respectively.
- On the other side, a daily close below 10.6078 will take the parity down towards key supports at 10.5584, 10.4867, 10.4395, 10.4163, 10.3881 and 10.3712 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Sweden April PMI manufacturing sector decrease to 54.5 vs previous 55.9.
We prefer to take long position in EUR/SEK around 10.6150, stop loss 10.5558 and target 10.6858.
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