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FxWirePro: Go long on EUR/SEK around 9.2565 with stop loss at 9.24 and target of 9.2928

  • EUR/SEK is currently trading around 9.2634 levels.
     
  • It made intraday high at 9.2650 and low at 9.2398 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below 9.24 will take the parity down towards key supports at 9.2301 (January 07, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks respectively.
     
  • Alternatively, current upward trend tests key resistances at 9.2928, 9.3028, 9.3262, 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.

We prefer to take long position in EUR/SEK around 9.2565, stop loss 9.24 and target of 9.2928 marks.

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