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- EUR/SEK is currently trading around 9.7651 levels.
- It made intraday high at 9.7814 and low at 9.7633 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 9.7756 tests key resistances around 9.7816, 9.7940 and 9.8295 marks respectively.
- Alternatively, a daily close below 9.7756 will tests key supports at 9.7540, 9.7328, 9.7221, 9.7006, 9.6774 and 9.6543 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
We prefer to take long position in EUR/SEK only above 9.7816, stop loss 9.7293 and target of 9.8295.
