FxWirePro: Swedish krona falls as Sweden’s CPI data fails to meet expectations

• EUR/SEK is currently trading around 9.6249 levels.
   
• It made intraday high at 9.6369 and low at 9.5970 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 9.5926 levels.
   
• A sustained close above 9.6122 tests key resistances 9.6374, 9.6592 and 9.6797 marks respectively.
   
• Alternatively, a daily close below 9.6122 will tests key supports at 9.5926, 9.5848, 9.5565, 9.5399, 9.5228, 9.5098, 9.4852, 9.4652 and 9.4310 marks respectively.


• Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
   
• Swedish March CPIF 0.0 pct month/month vs forecast +0.2 pct in poll.
   
• Swedish March CPIF +1.5 pct year/year vs forecast +1.7 pct in poll.
   
• Swedish March CPI +1.3 pct year/year vs forecast +1.5 pct in poll.
   
• Swedish March CPI +1.3 pct year/year vs forecast +1.5 pct in poll.

We prefer to take long position in EUR/SEK only above 9.6374, stop loss at 9.5926 and target of 9.6797.