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FxWirePro: Swedish crown hits fresh four-week high of 9.2079 crowns per euro after better-than-expected inflation data

EUR/SEK is currently trading around 9.2248 levels. It made intraday high at 9.2630 and low at 9.2079 levels. Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0.3% m/m previous release. Intraday bias re…

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FxWirePro: Swedish crown hits fresh four-week high of 9.2079 crowns per euro after better-than-expected inflation data
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  • EUR/SEK is currently trading around 9.2248 levels.
     
  • It made intraday high at 9.2630 and low at 9.2079 levels.
     
  • Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0.3% m/m previous release.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 9.2630 levels.
     
  • Initial support and resistance levels are seen at 9.2050 and 9.3519 marks.

We prefer to take short position in EUR/SEK only below 9.2068, stop loss 9.2392 and target 9.2050 marks.

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