Upbeat Sweden data put a lot of pressure on SEK shorts, traders widely positioned short SEK in response to relentless dovish C.Bank chat.
- Swedish GDP was revised up to 3.3% y/y, while unemployment rate fell to 6.4% from 6.8%
- EUR/SEK slumped to session lows at 9.3756, but pared some losses and edged higher to currently trade at 9.3941
- A close below 100/200-DMAs at 9.3745/97 could lead to significant position adjustment, cloud base at 9.3658 seen as a strong support zone
- Immediate support is seen at 9.3790 (200-Day MA) and resistance is located at 9.4360 (55-Day MA)
Resistance Levels:
R1: 9.4360 (55-Day MA)
R2: 9.4560 (Daily High Sep 7)
R3: 9.4800 (Daily High Sep 3)
Support levels:
S1: 9.3790 (200-Day MA)
S2: 9.3745 (100-Day MA)
S3: 9.3658 (Daily Cloud Base)


FxWirePro: GBP/USD slide extends as UK political tumult intensifies
Kiwi Under Pressure: NZDJPY Pulls Back as Bearish Momentum Builds
FxWirePro: USD/CNY slips as Yuan firms ahead of Trump-Xi talks
FxWirePro: NZD/USD soured risk gives US Dollar bulls the win
Ethereum at a Crossroads: ETH Holds Above USD 2300 as Bulls Eye a Trend Reversal
FxWirePro: USD/ZAR downside pressure builds, key support level in focus
FxWirePro: GBP/AUD slips lower amid heightened UK political uncertainty
FxWirePro: AUD/USD eases slightly as focus shifts to US-China meeting
FxWirePro: USD/ZAR gains some upside as rand weakens after sour local jobs data
FxWirePro: EUR/AUD downward momentum remains in place
FxWirePro: EUR/AUD downside pressure builds, key support level in focus
FxWirePro: AUD/USD softens slightly as market focus on U.S.-China meeting
FxWirePro: GBP/AUD outlook weaker on renewed downside pressure
FxWirePro: EUR/ NZD gains some upside momentum but still bearish
FxWirePro: GBP/USD dips as UK political tensions drag pound lower
FxWirePro:USD/CAD bulls continue to hold the higher ground 



