FxWirePro: Swedish krona erases previous gain against U.S. dollar, bias turns bullish again
EUR/SEK is currently trading around 9.5346 levels. It made intraday high at 9.5372 and low at 9.5110 levels. Intraday bias remains bullish till the time pair holds key support at 9.5100 marks. A daily close below 9.51 wi…
EUR/SEK is currently trading around 9.5346 levels.
It made intraday high at 9.5372 and low at 9.5110 levels.
Intraday bias remains bullish till the time pair holds key support at 9.5100 marks.
A daily close below 9.51 will take the parity down towards key supports at 9.4892, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
On the other side, a daily close above 9.5494 is required to take the parity higher towards key resistances at 9.5610, 6.5713, 5993, 9.6109 and 9.6742 marks.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on EUR/SEK around 9.5345, stop loss at 9.5110 and target of 9.5713.
