Sweden's Riksbank stays unchanged at -0.35%, SEK firms again after having lost ground into the rate announcement
- EUR/SEK had hit session highs at 9.3641, and from there has fallen back to 9.2651 as we write
- Daily Stochs have crossed strongly to the bear side from overbought levels, RSI is also biased lower
- Falling wedge formation seen, the pair could see a steady drift to 9.23-9.24 levels and there is further potential to test 9.20
- 200 DMA located at 9.3417 is immediate hurdle, next key resistance is seen at the converging 100DMA/30Day upper Bollinger and daily cloud top, 9.3855-9.3918
Recommendation: Good to sell rallies around 9.30 levels, SL: 9.3650, TP1: 9.2410, TP2: 9.2330
