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- EUR/SEK is currently trading around 9.7280 levels.
- It made intraday high at 9.7417 and low at 9.7112 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.6789 marks.
- A daily close above 9.72 is required to take the parity higher towards key resistance at 9.7583/9.7675/9.7945 levels.
- Alternatively, daily close below 9.6789 will take the parity down towards key supports at 9.6758, 9.6611, 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.
We prefer to go long on EUR/SEK around 9.7250, stop loss 9.6789 and target of 9.7583.
