- EUR/SEK is currently trading around 9.2255 levels.
- It made intraday high at 9.2335 and low at 9.2208 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.2757 levels.
- Key support falls at 9.2050 and a sustained break below tests 9.1423 marks.
- On the other side, a daily close above 9.2656 will turn the bias slightly bullish and drag the parity around 9.2774/ 9.2871 and 9.3082 marks respectively.
- In addition, 20D, 30D and 55D EMA heads down and signals bearish trend.
We prefer to take short position in EUR/SEK around 9.23, stop loss 9.2757and target 9.2050/ 9.1423 marks.
