FxWirePro: Swedish krona erases previous gain against euro; stay bullish
EUR/SEK is currently trading around 9.5156 levels. It made intraday high at 9.5272 and low at 9.5004 levels. Intraday bias remains bullish till the time pair holds key support at 9.4815 marks. A daily close below 9.4815 …
EUR/SEK is currently trading around 9.5156 levels.
It made intraday high at 9.5272 and low at 9.5004 levels.
Intraday bias remains bullish till the time pair holds key support at 9.4815 marks.
A daily close below 9.4815 will take the parity down towards key supports at 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 9.53 is required to take the parity higher towards key resistances at 9.5381, 9.5494, 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 9.5150, stop loss at 9.4815 and target of 9.5713.
