FxWirePro: EUR/SEK exhibits range bound market movement, bias remains neutral

• EUR/SEK is currently trading around 9.6244 levels.
   
• It made intraday high at 9.6276 and low at 9.6099 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 9.6346 levels.  
   
• A daily close above 9.6346 is required to take the parity higher towards key resistance at 9.6455/9.6655/9.6742.
   
• Alternatively, a daily close below 9.5995 will take the parity down towards key supports at 9.5910, 9.5717, 9.5611, 9.5461, 9.53 and 9.5210 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on EUR/SEK only above 9.6346, stop loss 9.60 and target of 9.6655, 9.6742.