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FxWirePro: EUR/SEK hovers around 10.30 mark, Sweden’s various economic data in focus

EUR/SEK is currently trading around 10.2972 levels. It made intraday high at 10.3155 and low at 10.2952 levels. Intraday bias remains slightly bearish till the time pair holds key resistance at 10.3161 marks. A daily clo…

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FxWirePro: EUR/SEK hovers around 10.30 mark, Sweden’s various economic data in focus
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  • EUR/SEK is currently trading around 10.2972 levels.
     
  • It made intraday high at 10.3155 and low at 10.2952 levels.
     
  • Intraday bias remains slightly bearish till the time pair holds key resistance at 10.3161 marks.
     
  • A daily close above 10.3161 is required to take the parity higher towards key resistances at 10.3380, 10.3472, 10.3556, 10.3610 and 10.3780 marks respectively.
     
  • On the other side, a daily close below 10.3161 will take the parity down towards key supports at 10.2728, 10.2116, 10.1715 and 10.1125 marks respectively.
     
  • Sweden will release various economic indicators around 0730 GMT.

We prefer to take long position in EUR/SEK only above 10.3155, stop loss 10.2728 and target 10.3556.

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