FxWirePro: Swedish krona continues to fall against euro, faces strong resistance at 9.2683
EUR/SEK is currently trading around 9.2570 levels. It made intraday high at 9.2580 and low at 9.2233 levels. Intraday bias remains bullish till the time pair holds key support at 9.2329 marks. A daily close below 9.2222 …
EUR/SEK is currently trading around 9.2570 levels.
It made intraday high at 9.2580 and low at 9.2233 levels.
Intraday bias remains bullish till the time pair holds key support at 9.2329 marks.
A daily close below 9.2222 will take the parity down towards key supports at 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks respectively.
On the other side, a daily close above 9.2683 is required to take the parity higher towards key resistance at 9.2881/9.3262/ 9.3642 marks.
On the top side, key resistances are seen at 9.2953, 9.3028, 9.3262, 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
We prefer to take long position in EUR/SEK only above 9.2580, stop loss 9.2329 and target of 9.3039/ 9.3262/ 9.3642 marks.
