- EUR/SEK is currently trading around 9.5115 levels.
- It made intraday high at 9.5589 and low at 9.5104 levels.
- Intraday bias remains bearish for the moment.
- A sustained close above 9.5376 tests key resistances 9.55, 9.5739, 9.5913, 9.5961 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.5376 will tests key supports at 9.5002, 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 manufacturing PMI at 65.2 points in March vs forecast 60.0 pts in poll.
We prefer to take short position in EUR/SEK around 9.5170, stop loss 9.5376 and target of 9.4852.
