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FxWirePro: EUR/SEK remains well supported below 9.49 mark, sustained break above targets 9.5183

EUR/SEK is currently trading around 9.4793 levels. It made intraday high at 9.4918 and low at 9.4583 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.4918 marks. A daily close below 9.44…

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FxWirePro: EUR/SEK remains well supported below 9.49 mark, sustained break above targets 9.5183
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  • EUR/SEK is currently trading around 9.4793 levels.
     
  • It made intraday high at 9.4918 and low at 9.4583 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 9.4918 marks.
     
  • A daily close below 9.4406 will take the parity down towards key supports at 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 9.4920 is required to take the parity higher towards key resistances at 9.4982, 9.5183 and 9.5282 marks.

We prefer to take short position in EUR/SEK around 9.48, stop loss 9.4920 and target 9.4406/9.4217 marks.

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