FxWirePro: EUR/SEK finds major hurdle at 9.5681, sustained close above targets 9.5993
EUR/SEK is currently trading around 9.5670 levels. It made intraday high at 9.5736 and low at 9.5496 levels. Intraday bias remains bullish for the movement. A daily close below 9.54 will take the parity down towards key …
EUR/SEK is currently trading around 9.5670 levels.
It made intraday high at 9.5736 and low at 9.5496 levels.
Intraday bias remains bullish for the movement.
A daily close below 9.54 will take the parity down towards key supports at 9.5248, 9.5177, 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 9.5681 is required to take the parity higher towards key resistances at 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.
We prefer to go long on EUR/SEK only above 9.5681, stop loss at 9.5410 and target of 9.5993.
