FxWirePro: Swedish krona falls sharply against euro, hits lowest level since July 2009

• EUR/SEK is currently trading around 10.6247 levels.
   
• It made intraday high at 10.6490 and low at 10.5558 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 10.4867 marks.
   
• A daily close above 10.5584 is required to take the parity higher towards key resistances at 10.6858, 10.7210, 10.7476, 10.8017 and 10.9355 levels respectively.
   
• On the other side, a daily close below 10.5584 will take the parity down towards key supports at 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.

We prefer to take long position in EUR/SEK around 10.6048, stop loss 10.5548 and target 10.6858.

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