FxWirePro: Swedish krona falls after lower than expected industrial production data

• EUR/SEK is currently trading around 9.2607 levels.
   
• It made intraday high at 9.2671 and low at 9.2450 levels.
   
• Today Sweden released industrial production data with negative numbers at 0.1% m/m vs 0.2% previous release.
   
• In addition, Industrial orders falls to 2.0% vs 4.3% previous release.
   
• Pair fails to break key resistance at 9.2676 and supported above 9.2600 marks.
   
• Intraday bias remains bearish for the moment.
   
• On the top side key resistances are seen at 9.2718, 9.2774, 9.2871 and 9.3082 marks.
   
• A daily close below 9.2129 will drag the parity down towards key supports at 9.2050/9.1471 marks.
   
• Important to note here that 20D, 30D and 55D EMA heads down and signals bearish trend.

We prefer to take short position in EUR/SEK around 9.2650, stop loss 9.2750 and target 9.2050 marks.