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FxWirePro: Swedish krona marginally higher against euro ahead of Sweden’s CPI data

EUR/SEK is currently trading around 9.4513 levels. It made intraday high at 9.4598 and low at 9.4427 levels. Intraday bias remains neutral for the moment. A sustained break above 9.4566 tests key resistances at 9.4682 (h…

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FxWirePro: Swedish krona marginally higher against euro ahead of Sweden’s CPI data
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  • EUR/SEK is currently trading around 9.4513 levels.
     
  • It made intraday high at 9.4598 and low at 9.4427 levels.
     
  • Intraday bias remains neutral for the moment.
     
  • A sustained break above 9.4566 tests key resistances at 9.4682 (high of February 08, 2016), 9.4769 and 9.4942 marks.
     
  • Alternatively, a daily close below 9.4566 will tests key supports at 9.4424, 9.4366 and 9.4090 marks respectively.
     
  • Sweden will release CPI, core CPI data at 0830 GMT.

We prefer to take long position in EUR/SEK around 9.4470, stop loss 9.4350 and target 9.48.

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