FxWirePro: Swedish krona weakens against euro despite higher than expected industrial production data

• EUR/SEK is currently trading around 9.5673 levels.
   
• It made intraday high at 9.5713 and low at 9.5433 levels.
   
• Intraday bias remains neutral till the time pair holds key resistance at 9.5713 marks.
   
• A daily close below 9.5577 will take the parity down towards key supports at 9.5356, 9.5175, 9.4892, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
   
• On the other side, a daily close above 9.5713 is required to take the parity higher towards key resistances at 9.5993, 9.6109 and 9.6742 marks.
   
• Swedish industrial production +1.1 pct m/m in July.
   
• Swedish industrial production +4.2 pct yr/yr in July.
   
• Swedish industry orders +5.2 pct yr/yr in July.
   
• Swedish service sector production +5.3 pct yr/yr in July - stats office.

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.