FxWirePro: EUR/SEK hits fresh 6-year high at 9.7810 after Riksbank leaves rates unchanged
Thursday, October 27, 2016 9:05 AM UTC
- EUR/SEK is currently trading around 9.7742 levels.
- It made intraday high at 9.7810 and low at 9.6773 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 9.74 is required to take the parity higher towards key resistance at 9.7945/9.8212/10.2473 levels.
- Alternatively, reversal from key resistance will take the parity down towards key supports at 9.7332, 9.7112, 9.6904, 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.
- Swedish Central Bank - Repo rate unchanged at -0.50 per cent.
- Swedish crown reverses gains to hit day's low of 9.7800 crowns per euro after Riksbank says rate cut probability rising.
- Swedish Central bank says probability that rate will be cut further has increased.