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- EUR/SEK is currently trading around 10.4092 levels.
- It made intraday high at 10.4148 and low at 10.3472 levels.
- Intraday bias remains bullish till the time pair holds key support at 10.3243 mark.
- A daily close above 10.3702 is required to take the parity higher towards key resistances at 10.4214, 10.4456, 10.4610, 10.4789 and 10.4991 marks respectively.
- On the other side, a daily close below 10.3702 will take the parity down towards key supports at 10.3315, 10.3243, 10.2883, 10.2530, 10.2310 and 10.1961 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take long position in EUR/SEK around 10.3990, stop loss 10.3243 and target 10.4456.
