EUR/SEK spiked to hit day's highs at 9.4320 after Riksbank held rates and increased its monthly purchases of bonds to SEK 65 bln from SEK 45 bln.
- The spike was quickly faded, the pair retraced all of the gains and is trading lower on the day at 9.3720
- Price action has been contained between cloud top and 200 DMA, at 9.4321 and 9.3579 respectively, which are strong resistance and support zones for the pair
- Daily techs look weak, further downside likely, pair slipping as we write, breaks below 200 DMA at 9.3579 could see falls extend to 9.2650 levels
Resistance Levels:
R1: 9.3813 (Daily Kijun)
R2: 9.3949 (Daily Tenkan)
R3: 9.4321 (cloud top)
Support Levels:
S1: 9.3579 (200 DMA)
S2: 9.3480 (Oct 26 low)
S3: 9.3454 (Oct 19 low)


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