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- EUR/SEK is currently trading around 10.2320 levels.
- It made intraday high at 10.2512 and low at 10.2130 levels.
- Intraday bias remains slightly bearish till the time pair holds key resistance at 10.3035 mark.
- A daily close above 10.2417 is required to take the parity higher towards key resistances at 10.3035, 10.3441, 10.3622 and 10.4214 marks respectively.
- On the other side, a daily close below 10.2417 will take the parity down towards key supports at 10.1961, 10.1643, 10.1539 and 10.0945 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
- Sweden May 2018 new orders manufacturing yy increase to 1.4.
- Sweden May 2018 services production yy increase to 4.4.
- Sweden May 2018 industrial production valume yy increase to 3.
- Sweden May 2018 industrial production valume mm increase to 2.
We prefer to take short position in EUR/SEK around 10.2350, stop loss 10.2512 and target 10.1350.
