EUR/GBP Holiday Slumber: Bearish Bias Intact Below 0.8800 Resistance 
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GBP/JPY Stuck in Holiday Neutral: Range-Bound at 210 Ahead of Christmas 
- EUR/SEK is currently trading around 9.7537 levels.
- It made intraday high at 9.7631 and low at 9.7492 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.7096 mark.
- A sustained close above 9.7566 tests key resistances around 9.7662, 9.7752, 9.7974, 9.8295, 9.8346 and 9.8555 marks respectively.
- Alternatively, a daily close below 9.7566 will tests key supports at 9.7492, 9.7364, 9.7096, 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.
- Yesterday Sweden released GDP as well as retail sales data.
- Swedish Q1 GDP +0.4 pct qtr/qtr vs median forecast of +0.8 pct in poll.
- Swedish Q1 GDP +2.2 pct yr/yr vs median forecast of +2.7 pct in poll.
- Swedish April retail sales +1.3 pct month/month vs forecast +0.7 pct in poll.
- Swedish April retail sales +4.5 pct year/year vs forecast +2.8 pct in poll.
We prefer to take long position in EUR/SEK around 9.7420, stop loss at 9.7096 and target of 9.8295.
