Technicals

Add as a preferred source on Google

FxWirePro: EUR/SEK jumps above 9.63 mark, good to buy on dips

EUR/SEK is currently trading around 9.6302 levels. It made intraday high at 9.6358 and low at 9.6155 levels. Intraday bias remains bullish till the time pair holds key support at 9.6011 levels. A daily close below 9.6011…

1 min read
FxWirePro: EUR/SEK jumps above 9.63 mark, good to buy on dips
Image from the original EconoTimes article

Read the original article

  • EUR/SEK is currently trading around 9.6302 levels.
     
  • It made intraday high at 9.6358 and low at 9.6155 levels.
  • Intraday bias remains bullish till the time pair holds key support at 9.6011 levels.  
     
  • A daily close below 9.6011 will take the parity down towards key supports at 9.5910, 9.5717, 9.5611, 9.5461, 9.53 and 9.5210 marks respectively.
     
  • On the other side, a daily close above 9.6346 is required to take the parity higher towards key resistance at 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.

We prefer to go long on EUR/SEK around 9.6275, stop loss 9.6011 and target of 9.6455.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560