EUR/SEK is currently trading around 9.6923 levels. It made intraday high at 9.7118 and low at 9.6893 levels. Intraday bias remains neutral for the moment. A daily close above 9.7207 is required to take the parity higher …
EUR/SEK is currently trading around 9.6923 levels.
It made intraday high at 9.7118 and low at 9.6893 levels.
Intraday bias remains neutral for the moment.
A daily close above 9.7207 is required to take the parity higher towards key resistance at 9.7263/9.7583/9.7945 levels.
Alternatively, reversal from key resistance will take the parity down towards key supports at 9.6818, 9.6570, 9.6353, 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. Current downside movement is short term trend correction only.
We prefer to go short on EUR/SEK around 9.6970, stop loss 9.7207 and target of 9.6570.
