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Add as a preferred source on Google FxWirePro: Swedish krona marginally higher against euro after mixed economic data from Sweden 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 9.799…
By FxWirePro Team Jun 21, 2017, 8:16 AM UTC
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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.
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