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- EUR/SEK is currently trading around 9.7724 levels.
- It made intraday high at 9.7862 and low at 9.7677 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 9.7778 tests key resistances around 9.7999, 9.8295, 9.8346 and 9.8555 marks respectively.
- Alternatively, a daily close below 9.7778 will tests key supports at 9.7420, 9.7333, 9.7251, 9.7096, 9.6774 and 9.6543 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Swedish manufacturing confidence 119.9 points in June.
- Swedish overall sentiment index 112.1 points in June.
We prefer to take long position in EUR/SEK around 9.7750, stop loss 9.7500 and target of 9.8008.
