FxWirePro: Swedish krona falls gradually against euro, good to buy on dips
EUR/SEK is currently trading around 10.6217 levels. It made intraday high at 10.6259 and low at 10.5887 levels. Intraday bias remains bullish for the moment. A daily close above 10.6078 is required to take the parity hig…
EUR/SEK is currently trading around 10.6217 levels.
It made intraday high at 10.6259 and low at 10.5887 levels.
Intraday bias remains bullish for the moment.
A daily close above 10.6078 is required to take the parity higher towards key resistances at 10.6597, 10.6858, 10.7210, 10.7476, 10.8017 and 10.9355 levels respectively.
On the other side, a daily close below 10.6078 will take the parity down towards key supports at 10.5584, 10.4867, 10.4395, 10.4163, 10.3881 and 10.3712 marks respectively.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Sweden April PMI manufacturing sector decrease to 54.5 vs previous 55.9.
We prefer to take long position in EUR/SEK around 10.6150, stop loss 10.5558 and target 10.6858.
