- 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.
