- 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.
