FxWirePro: Euro strengthens against Swedish krona, ECOFIN meetings in focus

• EUR/SEK is currently trading around 9.3690 levels.
   
• It made intraday high at 9.9761 and low at 9.3508 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 9.3495 marks.
   
• A daily close below 9.3375 will take the parity down towards key supports at 9.3245, 9.3031 and 9.2938 marks respectively.
   
• On the other side, a daily close above 9.36 is required to take the parity higher towards key resistances at 9.3894/ 9.3928/ 9.3990 marks.
   
• Above 9.40 marks major hurdles are seen at 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
   
• Today the main event for the day is ECOFIN meetings. It usually held in Brussels and attended by Finance Ministers from EU member states. They discuss a range of financial issues, such as euro support mechanisms and government finances.

We prefer to take long position in EUR/SEK around 9.37, stop loss 9.3495 and target 9.3990 marks.