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Add as a preferred source on Google
- EUR/SEK is currently trading around 9.6996 levels.
- It made intraday high at 9.7218 and low at 9.6328 levels.
- Intraday bias remains bullish for the moment.
- A daily close above 9.70 is required to take the parity higher towards key resistance at 9.7218/9.7263/9.7436/9.7945 levels.
- Alternatively, reversal from key resistance will take the parity down towards key supports at 9.6825, 9.6573, 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.
- Swedish September CPI +0.2 pct month/month vs forecast +0.5 pct in Reuters poll.
- Swedish September CPI +0.9 pct year/year vs forecast +1.2 pct in Reuters poll.
- Swedish September CPIF +0.2 pct month/month vs forecast +0.6 pct in Reuters poll.
- Swedish September CPIF +1.2 pct year/year vs forecast +1.5 pct in Reuters poll.
We prefer to go long on EUR/SEK only above 9.7050, stop loss 9.6583 and target of 9.7263/9.7436.
