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FxWirePro: Swedish krona falls gradually against euro, stay bullish

EUR/SEK is currently trading around 10.4710 levels. It made intraday high at 10.4797 and low at 10.4651 levels. Intraday bias remains bullish till the time pair holds key support at 10.4050 marks. A daily close above 10.…

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FxWirePro: Swedish krona falls gradually against euro, stay bullish
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  • EUR/SEK is currently trading around 10.4710 levels.
     
  • It made intraday high at 10.4797 and low at 10.4651 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 10.4050 marks.
     
  • A daily close above 10.4725 is required to take the parity higher towards key resistances at 10.4969, 10.5244 and 10.5815 marks respectively.
  • On the other side, a daily close below 10.4050 will take the parity down towards key supports at 10.3770, 10.3438, 10.3160 and 10.2555 marks respectively.
     
  • Sweden March 2019 reg unemployment rate stays flat at 6.9 % vs previous 6.9 %.

We prefer to take long position on EUR/SEK around 10.4700, stop loss at 10.4386 and target of 10.5244/10.5578.

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