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FxWirePro: EUR/SEK hits fresh 2-week high at 9.7417, bias turns bullish again

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…

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FxWirePro: EUR/SEK hits fresh 2-week high at 9.7417, bias turns bullish again
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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.

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