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Swedish Krona trading almost flat against Euro, likely to sell on rallies

EUR/SEK is currently trading around 9.2540 levels. It made intraday high at 9.2604 and low at 9.2512 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.2656 levels. Alternatively, current …

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Swedish Krona trading almost flat against Euro, likely to sell on rallies
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  • EUR/SEK is currently trading around 9.2540 levels.
     
  • It made intraday high at 9.2604 and low at 9.2512 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 9.2656 levels.
     
  • Alternatively, current rebound from 9.3065 will likely to take the parity down towards key support at 9.2243/ 9.2166 marks.
     
  • A daily close above 9.2656 will turn the bias slightly bullish and drag the parity around 9.2774/ 9.2871 and 9.3082 marks respectively.

We prefer to take short position in EUR/SEK around 9.2550, stop loss 9.2656 and target 9.2243 marks.

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