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FxWirePro: EUR/SEK stabilises above 9.46 mark- stay bullish

  • EUR/SEK is currently trading around 9.4615 levels.
     
  • It made intraday high at 9.4749 and low at 9.4488 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.4217 marks.
     
  • A daily close below 9.4217 will take the parity down towards key supports at 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
     
  • On the other side, a daily close above 9.48 is required to take the parity higher towards key resistances at 9.4942, 9.5183 and 9.5282 marks.

We prefer to take long position in EUR/SEK around 9.4650, stop loss 9.4217 and target 9.4942/9.5282 marks.

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