- EUR/SEK is currently trading around 10.5813 levels.
- It made intraday high at 10.6080 and low at 10.5221 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.5168 levels.
- A daily close below 10.5236 will take the parity down towards key supports at 10.4825, 10.4497 and 10.4030 marks respectively.
- On the other side, a daily close above 10.5236 is required to take the parity higher towards key resistance at 10.6080, 10.6290, 10.6468 and 10.6676 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Sweden 06 Sep Riksbank rate stays flat at -0.5 % (forecast -0.5 %) vs previous -0.5 %.
- Sweden August 2018 house prices increase to 2 %.
We prefer to go long on EUR/SEK around 10.5750, stop loss at 10.5236 and target of 10.6468.
