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- EUR/SEK is currently trading around 9.7661 levels.
- It made intraday high at 9.7874 and low at 9.7603 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.8420 marks.
- A daily close below 9.7573 will take the parity down towards key supports at 9.7276, 9.7087, 9.6892 and 9.6742 marks respectively.
- On the other side, a daily close above 9.7573 is required to take the parity higher towards key resistances at 9.8295, 9.8351, 9.8432 and 9.8689 marks respectively.
- 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 short on EUR/SEK around 9.77, stop loss at 9.8007 and target of 9.7087.
