FxWirePro: EUR/SEK hovers around 9.59 mark ahead of Sweden’s retail sales data
EUR/SEK is currently trading around 9.5954 levels. It made intraday high at 9.6152 and low at 9.5903 levels. Intraday bias remains neutral till the time pair holds key support at 9.5713 levels. A daily close below 9.5717…
EUR/SEK is currently trading around 9.5954 levels.
It made intraday high at 9.6152 and low at 9.5903 levels.
Intraday bias remains neutral till the time pair holds key support at 9.5713 levels.
A daily close below 9.5717 will take the parity down towards key supports at 9.5611, 9.5461, 9.53, 9.5210, 9.5177, 9.5109, 9.4979, 9.4726, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
On the other side, a daily close above 9.6232 is required to take the parity higher towards key resistances at 9.6406 and 9.6742 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 only above 9.5993, stop loss at 9.5713 and target of 9.6232/9.6406.
