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FxWirePro: EUR/SEK remains well supported above 9.49 mark, good to buy on dips

EUR/SEK is currently trading around 9.4939 levels. It made intraday high at 9.4995 and low at 9.4700 levels. Intraday bias remains bullish till the time pair holds key support at 9.4637 marks. A daily close below 9.4637 …

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FxWirePro: EUR/SEK remains well supported above 9.49 mark, good to buy on dips
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  • EUR/SEK is currently trading around 9.4939 levels.
     
  • It made intraday high at 9.4995 and low at 9.4700 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.4637 marks.
     
  • A daily close below 9.4637 will take the parity down towards key supports at 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 9.50 is required to take the parity higher towards key resistances at 9.5183, 9.5282 and 9.5363 marks.

We prefer to take long position in EUR/SEK around 9.48, stop loss 9.4700 and target 9.5596/9.5950 marks.

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