FxWirePro: Swedish krona trades almost flat against euro ahead of trade balance, manufacturing confidence data

• EUR/SEK is currently trading around 10.5712 levels.
   
• It made intraday high at 10.5754 and low at 10.5590 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 10.5603 marks.
   
• A daily close above 10.5985 is required to take the parity higher towards key resistances at 10.6132, 10.6314, 10.6450, 10.6722 and 10.69 marks respectively.
   
• On the other side, a daily close below 10.5603 will take the parity down towards key supports at 10.5562, 10.5348, 10.5115 and 10.4804 marks respectively.
   
• Sweden will release consumer confidence, manufacturing confidence as well as trade balance data around 0800 GMT.

We prefer to take long position on EUR/SEK around 10.5650, stop loss 10.5357 and target of  10.6314.