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Add as a preferred source on Google FxWirePro: Swedish krona erases previous loss against euro, bias remains bearish 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, 9.59…
By FxWirePro Team Mar 2, 2017, 7:57 AM UTC
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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.
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