EUR/SEK is currently trading around 9.7310 levels. It made intraday high at 9.7477 and low at 9.7278 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.7752 mark. A sustained close above 9…
EUR/SEK is currently trading around 9.7310 levels.
It made intraday high at 9.7477 and low at 9.7278 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.7752 mark.
A sustained close above 9.7360 tests key resistances around 9.7662, 9.7752, 9.7974, 9.8295, 9.8346 and 9.8555 marks respectively.
Alternatively, a daily close below 9.73600 will tests key supports at 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 short position in EUR/SEK around 9.7300, stop loss 9.7478 and target of 9.6774.
