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- EUR/SEK is currently trading around 9.5345 levels.
- It made intraday high at 9.5450 and low at 9.5330 levels.
- Intraday bias remains bearish for the moment.
- A sustained break above 9.5435 tests key resistances 9.5668, 9.5913 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.5435 will tests key supports at 9.5229, 9.5048, 9.4959, 9.4652 and 9.4366 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 go short on EUR/SEK around 9.5350, stop loss at 9.5668 and target of 9.4649.
