FxWirePro: EUR/SEK hits fresh weekly high at 9.2768, faces strong resistance at 9.2822
EUR/SEK is currently trading around 9.2707 levels. It made intraday high at 9.2768 and low at 9.2425 levels. Intraday bias remains bullish till the time pair holds key support at 9.2389 marks. A daily close below 9.2233 …
EUR/SEK is currently trading around 9.2707 levels.
It made intraday high at 9.2768 and low at 9.2425 levels.
Intraday bias remains bullish till the time pair holds key support at 9.2389 marks.
A daily close below 9.2233 will take the parity down towards key supports at 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks respectively.
On the other side, a daily close above 9.2822 is required to take the parity higher towards key resistance at 9.2881/9.3262/ 9.3642 marks.
On the top side, key resistances are seen at 9.2953, 9.3028, 9.3262, 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
We prefer to take long position in EUR/SEK around 9.2720, stop loss 9.2329 and target of 9.2822/9.3039 marks.
