FxWirePro: Swedish krona falls after lower than expected retail sales data

• EUR/SEK is currently trading around 9.5002 levels.
   
• It made intraday high at 9.5068 and low at 9.4809 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 9.4800 marks.
   
• A daily close below 9.48 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 9.50 is required to take the parity higher towards key resistances at 9.5183, 9.5282 and 9.5363 marks.
   
• Swedish July retail sales +1.1 pct year/year.
   
• Swedish July retail sales -0.9 pct month/month.
   
• Swedish July trade balance +0.5 bln SEK.

We prefer to take long position in EUR/SEK around 9.50, stop loss 9.4800 and target 9.5596/9.5950 marks.