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- EUR/SEK is currently trading around 9.5548 levels.
- It made intraday high at 9.5564 and low at 9.5406 levels.
- Intraday bias remains bullish for the moment.
- A sustained close above 9.5522 tests key resistances 9.5739, 9.5913, 9.5961 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.5522 will tests key supports at 9.5402, 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 9.5520, stop loss 9.5400 and target of 9.5961/9.6175.
