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FxWirePro: EUR/SEK spikes above 9.45, gains unlikely to sustain

EUR/SEK spikes to 9.4678, to mutli month highs, as EUR bulls take charge, buoyed by German IFO data Stochs poised to cross bear side at overbought levels and thinning Ichimoku cloud suggest caution Immediate resistance i…

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  • EUR/SEK spikes  to 9.4678, to mutli month highs, as EUR bulls take charge, buoyed by German IFO data

  • Stochs poised to cross bear side at overbought levels and thinning Ichimoku cloud suggest caution

  • Immediate resistance is seen at 9.4685 (Session High Jul 27) ahead of 9.5402 (76.4% Fibo 9.6894-9.0570)

  • Supports on the downside are located initially at 9.3725 (10-Day MA)and then at 9.3045 (Daily Cloud Top)

Resistance Levels: 

R3: 9.5810 (Daily High Feb 19)

R2: 9.5402 (76.4% Fibo 9.6894-9.0570)

R1: 9.4685 (Session High Jul 27)

Support Levels:

S1: 9.3725 (10-Day MA)

S2: 9.3045 (Daily Cloud Top)

S3: 9.2750 (Daily Low Jul 16)      

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