FxWirePro: Swedish krona falls against euro ahead of CPI data
EUR/SEK is currently trading around 9.5351 levels. It made intraday high at 9.5377 and low at 9.5109 levels. Intraday bias remains neutral for the movement. A daily close below 9.53 will take the parity down towards key …
EUR/SEK is currently trading around 9.5351 levels.
It made intraday high at 9.5377 and low at 9.5109 levels.
Intraday bias remains neutral for the movement.
A daily close below 9.53 will take the parity down towards key supports at 9.5109, 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 9.5467 is required to take the parity higher towards key resistances at 9.5675, 9.5713, 9.5993, 9.6109 and 9.6742 marks.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Sweden will release CPI data at 0730 GMT.
We prefer to go short on EUR/SEK around 9.54, stop loss at 9.5744 and target of 9.5109.
