FxWirePro: Swedish krona falls sharply against euro after CPI data, hits lowest level since December 2009
EUR/SEK is currently trading around 10.3547 levels. It made intraday high at 10.3763 and low at 10.2926 levels. Intraday bias remains bullish till the time pair holds key support at 10.2497 marks. A daily close above 10.…
EUR/SEK is currently trading around 10.3547 levels.
It made intraday high at 10.3763 and low at 10.2926 levels.
Intraday bias remains bullish till the time pair holds key support at 10.2497 marks.
A daily close above 10.2948 is required to take the parity higher towards key resistances at 10.3780, 10.4365, 10.4568, 10.4849 and 10.5195 marks respectively.
On the other side, a daily close below 10.2948 will take the parity down towards key supports at 10.2728, 10.2497, 10.2116, 10.1715 and 10.1125 marks respectively.
Sweden March CPIF m/m decrease to 0.3 % (forecast 0.4 %) vs previous 0.7 %.
Sweden March CPIF y/y increase to 2 % (forecast 2.1 %) vs previous 1.7 %.
Sweden March CPI m/m decrease to 0.3 % (forecast 0.4 %) vs previous 0.7 %.
Sweden March house prices increase to -1 %.
We prefer to take long position in EUR/SEK around 10.3420, stop loss 10.2728 and target 10.3780/10.3954.
