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- EUR/SEK is currently trading around 9.5611 levels.
- It made intraday high at 9.5642 and low at 9.5399 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 9.5491 tests key resistances 9.5642, 9.5739, 9.5913, 9.5961 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.5491 will tests key supports at 9.5228, 9.5098, 9.4852, 9.4652 and 9.4310 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in EUR/SEK around 9.5530, stop loss 9.5228 and target of 9.5959.
