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- EUR/SEK is currently trading around 9.5732 levels.
- It made intraday high at 9.6067 and low at 9.5711 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.6122 levels.
- A sustained close above 9.6037 tests key resistances 9.6122, 9.6374, 9.6592 and 9.6797 marks respectively.
- Alternatively, a daily close below 9.6037 will tests key supports at 9.5711, 9.5565, 9.5399, 9.5228, 9.5098, 9.4852, 9.4652 and 9.4310 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
