FxWirePro: Swedish krona falls after Sweden’s household lending, trade balance data

• EUR/SEK is currently trading around 9.7158 levels.
   
• It made intraday high at 9.7190 and low at 9.7016 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 9.7010 mark.
   
• A sustained close above 9.7010 tests key resistances around 9.7431, 9.7662, 9.7752, 9.7974, 9.8295, 9.8346 and 9.8555 marks respectively.
   
• Alternatively, a daily close below 9.7010 will tests key supports at 9.6774 and 9.6543 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Swedish household lending +7.1 pct yr/yr in April(previous 7.3 pct).
   
• Swedish April trade balance -2.6 bln Sek.
   
• Swedish imports +102.8 bln sek in April from revised +118.8 bln in March.
   
• Swedish exports +100.2 bln sek in April from revised +119.1 bln in March.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.