FxWirePro: EUR/SEK breaks key resistance at 9.5522, bias remains bullish
EUR/SEK is currently trading around 9.5704 levels. It made intraday high at 9.5711 and low at 9.5403 levels. Intraday bias remains bullish for the moment. A sustained close above 9.5522 tests key resistances 9.5913, 9.59…
EUR/SEK is currently trading around 9.5704 levels.
It made intraday high at 9.5711 and low at 9.5403 levels.
Intraday bias remains bullish for the moment.
A sustained close above 9.5522 tests key resistances 9.5913, 9.5961 and 9.6098 marks respectively.
Alternatively, a daily close below 9.5522 will tests key supports at 9.5263, 9.5002, 9.4852, 9.4652 and 9.4310 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.
We prefer to take long position in EUR/SEK around 9.5680, stop loss 9.5263 and target of 9.6175.