FxWirePro: EUR/SEK fails to find support above 9.57 mark, Sweden’s unemployment data in focus
EUR/SEK is currently trading around 9.5571 levels. It made intraday high at 9.5627 and low at 9.5292 levels. Intraday bias remains bullish till the time pair holds key support at 9.5109 levels. A daily close below 9.5292…
EUR/SEK is currently trading around 9.5571 levels.
It made intraday high at 9.5627 and low at 9.5292 levels.
Intraday bias remains bullish till the time pair holds key support at 9.5109 levels.
A daily close below 9.5292 will take the parity down towards key supports at 9.5248, 9.5177, 9.5109, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
On the other side, a daily close above 9.5625 is required to take the parity higher towards key resistances at 9.5733, 9.5993, 9.6109 and 9.6742 marks.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Sweden will release unemployment data 0730 GMT.
We prefer to go long on EUR/SEK only above 9.5681, stop loss at 9.5410 and target of 9.5993.
