FxWirePro: EUR/SEK consolidates around 10.4250 mark, consistent close below requires for downside rally
EUR/SEK is currently trading around 10.4304 levels. It made intraday high at 10.4409 and low at 10.4050 levels. Intraday bias remains neutral till the time pair holds key support at 10.4050 marks. A daily close above 10.…
EUR/SEK is currently trading around 10.4304 levels.
It made intraday high at 10.4409 and low at 10.4050 levels.
Intraday bias remains neutral till the time pair holds key support at 10.4050 marks.
A daily close above 10.4485 is required to take the parity higher towards key resistances at 10.4643, 10.4969, 10.5244 and 10.5815 marks respectively.
On the other side, a daily close below 10.4050 will take the parity down towards key supports at 10.3770, 10.3438, 10.3160 and 10.2555 marks respectively.
Sweden April 2019 money market CPIF inflation 1 year stays flat at 1.8 % vs previous 1.8 %.
Sweden April 2019 money market CPIF inflation 5 year stays flat at 1.8 % vs previous 1.8 %.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
