- EUR/SEK is currently trading around 9.6001 levels.
- It made intraday high at 9.6128 and low at 9.5938 levels.
- Intraday bias remains neutral till the time pair holds key support at 9.5911 levels.
- A daily close below 9.5911 will take the parity down towards key supports at 9.5717, 9.5611, 9.5461, 9.53 and 9.5210 marks respectively.
- On the other side, a daily close above 9.6165 is required to take the parity higher towards key resistance at
9.6291/9.6455/9.6655/9.6742.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
