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FxWirePro: EUR/SEK remains well supported above 9.44 mark, likely to touch 9.4947

EUR/SEK is currently trading around 9.4472 levels. It made intraday high at 9.4523 and low at 9.4298 levels. Intraday bias remains bullish till the time pair holds key support at 9.4275 marks. A daily close below 9.4275 …

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FxWirePro: EUR/SEK remains well supported above 9.44 mark, likely to touch 9.4947
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  • EUR/SEK is currently trading around 9.4472 levels.
     
  • It made intraday high at 9.4523 and low at 9.4298 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.4275 marks.
     
  • A daily close below 9.4275 will take the parity down towards key supports at 9.4023, 9.3775, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
     
  • On the other side, a daily close above 9.44 is required to take the parity higher towards key resistances at 9.4572, 9.4682 (high of February 08, 2016) and 9.4942 marks.

We prefer to take long position in EUR/SEK around 9.44, stop loss 9.4298 and target 9.4572/ 9.4682 marks.

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