FxWirePro: Swedish krona weakens against euro, faces key resistance at 9.6455
EUR/SEK is currently trading around 9.6435 levels. It made intraday high at 9.6450 and low at 9.6167 levels. Intraday bias remains bullish till the time pair holds key support at 9.6013 levels. A daily close below 9.6013…
EUR/SEK is currently trading around 9.6435 levels.
It made intraday high at 9.6450 and low at 9.6167 levels.
Intraday bias remains bullish till the time pair holds key support at 9.6013 levels.
A daily close below 9.6013 will take the parity down towards key supports at 9.5911, 9.5717, 9.5611, 9.5461, 9.53, 9.5210, 9.5177, 9.5109, 9.4979, 9.4726, 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 9.6291 is required to take the parity higher towards key resistance at 9.6455/9.6655/9.6742.
Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to go long on EUR/SEK around 9.64, stop loss at 9.6040 and target of 9.6655/9.6741/9.6824.
