FxWirePro: EUR/SEK hits fresh 6-year high at 9.7810 after Riksbank leaves rates unchanged
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 to…
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.
