FxWirePro: Swedish krona marginally higher against euro, downside limited

• EUR/SEK is currently trading around 9.7422 levels.
   
• It made intraday high at 9.7530 and low at 9.7336 levels.
   
• Intraday bias remains bearish till the time pair holds key resistance at 9.7572 mark.
   
• A sustained close above 9.7484 tests key resistances around 9.7572, 9.7644, 9.7806, 9.7999, 9.8295, 9.8346 and 9.8555 marks respectively.
   
• Alternatively, a daily close below 9.7484 will tests key supports at 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. Current downside movement is short term trend correction only.
   
• Sweden will release unemployment rate at 0730 GMT.

We prefer to take short position in EUR/SEK around 9.7455, stop loss 9.7572 and target of 9.7253/9.7096.