FxWirePro: Swedish krona rises gradually against euro, stay bearish only below 9.7146

• EUR/SEK is currently trading around 9.7250 levels.
   
• It made intraday high at 9.7354 and low at 9.7216 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 9.7146 mark.


• A sustained close above 9.7246 tests key resistances around 9.7493, 9.7662, 9.7752, 9.7974, 9.8295, 9.8346 and 9.8555 marks respectively.
   
• Alternatively, a daily close below 9.7246 will tests key supports at 9.7146, 9.7006, 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.

We prefer to take long position in EUR/SEK around 9.72, stop loss 9.7146 and target of 9.7493.