- EUR/SEK is currently trading around 9.5753 levels.
- It made intraday high at 9.6129 and low at 9.5730 levels.
- Intraday bias remains bearish for the moment.
- A sustained close above 9.6099 tests key resistances 9.6291, 9.6335, 9.6592 and 9.6797 marks respectively.
- Alternatively, a daily close below 9.6099 will tests key supports at 9.5584, 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 down and confirms the bearish trend in a daily chart.
- Swedish services PMI at 61.3 points in March vs previous 59.8.
- Swedish industry orders at 12.0 points y/y in February vs previous 0.5 pct.
- Swedish service sector production +5.3 pct yr/yr in February.
- Swedish industrial production +0.2 pct mo/mo in February vs forecast +0.6 pct in poll.
- Swedish industrial production +4.1 pct yr/yr in February vs forecast +2.3 pct in poll.
We prefer to take short position in EUR/SEK around 9.5850, stop loss 9.6099 and target of 9.5584/9.5295.
