FxWirePro: EUR/SEK stabilises below 9.55 mark, good to sell on rallies
EUR/SEK is currently trading around 9.5425 levels. It made intraday high at 9.5494 and low at 9.5357 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.5610 marks. A daily close below 9.54…
EUR/SEK is currently trading around 9.5425 levels.
It made intraday high at 9.5494 and low at 9.5357 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.5610 marks.
A daily close below 9.54 will take the parity down towards key supports at 9.5356, 9.5175, 9.4892, 9.4637, 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 9.5610 is required to take the parity higher towards key resistances at 6.5713, 5993, 9.6109 and 9.6742 marks.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to go short on EUR/SEK around 9.5425, stop loss at 9.5552 and target of 9.5175.
