FxWirePro: EUR/SEK stabilizes around 9.69 mark, good to buy on dips
EUR/SEK is currently trading around 9.6923 levels. It made intraday high at 9.7032 and low at 9.6822 levels. Intraday bias remains bullish till the time pair holds key support at 9.68 mark. A daily close above 9.69 is re…
EUR/SEK is currently trading around 9.6923 levels.
It made intraday high at 9.7032 and low at 9.6822 levels.
Intraday bias remains bullish till the time pair holds key support at 9.68 mark.
A daily close above 9.69 is required to take the parity higher towards key resistance at 9.7075/9.7119/9.7207/9.7263/9.7583/9.7945 levels.
Alternatively, daily close below 9.68 will take the parity down towards key supports at 9.6758, 9.6611, 9.6570, 9.6353, 9.5910, 9.5717, 9.5611, 9.5461, 9.53 and 9.5210 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on EUR/SEK around 9.6900, stop loss 9.6758 and target of 9.7207/9.7605.