FxWirePro: EUR/SEK hovers around 9.60 mark, faces key support at 9.5911
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…
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.
