FxWirePro: EUR/SEK exhibits range bound movement, bias remains neutral

• EUR/SEK is currently trading around 9.4766 levels.
   
• It made intraday high at 9.4798 and low at 9.4652 levels.
   
• Intraday bias remains neutral for the moment.
   
• A sustained break above 9.4810 tests key resistances 9.4942, 9.5072 and 9.5367 marks respectively.
   
• Alternatively, a daily close below 9.4310 will tests key supports at 9.4218, 9.4145 and 9.4090 marks respectively.
   
• Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.

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.