FxWirePro: Swedish krona erases previous gain against euro, intraday bias remains bullish

• EUR/SEK is currently trading around 9.5611 levels.
   
• It made intraday high at 9.5642 and low at 9.5399 levels.
   
• Intraday bias remains neutral for the moment.
   
• A sustained close above 9.5491 tests key resistances 9.5642, 9.5739, 9.5913, 9.5961 and 9.6098 marks respectively.
   
• Alternatively, a daily close below 9.5491 will tests key supports at 9.5228, 9.5098, 9.4852, 9.4652 and 9.4310 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

We prefer to take short position in EUR/SEK around 9.5530, stop loss 9.5228 and target of 9.5959.