FxWirePro: Swedish krona erases previous gain against USD; stay bullish
EUR/SEK is currently trading around 9.4590 levels. It made intraday high at 9.4599 and low at 9.4217 levels. Intraday bias remains bullish till the time pair holds key support at 9.4046 marks. A daily close below 9.4046 …
EUR/SEK is currently trading around 9.4590 levels.
It made intraday high at 9.4599 and low at 9.4217 levels.
Intraday bias remains bullish till the time pair holds key support at 9.4046 marks.
A daily close below 9.4046 will take the parity down towards key supports at 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
On the other side, a daily close above 9.42 is required to take the parity higher towards key resistances at 9.4682 (high of February 08, 2016), 9.4942, 9.5183 and 9.5282 marks.
We prefer to take long position in EUR/SEK around 9.4575, stop loss 9.4218 and target 9.4942/9.5282 marks.
