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- EUR/SEK is currently trading around 9.7142 levels.
- It made intraday high at 9.7183 and low at 9.7096 levels.
- Intraday bias remains neutral till the time pair holds key support at 9.7000 mark.
- A sustained close above 9.7130 tests key resistances around 9.7325, 9.7431, 9.7662, 9.7752, 9.7974, 9.8295, 9.8346 and 9.8555 marks respectively.
- Alternatively, a daily close below 9.7130 will tests key supports at 9.7016, 9.6774 and 9.6543 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
- Sweden will release GDP data at 0730 GMT.
We prefer to take short position in EUR/SEK around 9.7250, stop loss at 9.7325 and target of 9.7000/9.6774.
