- EUR/SEK is currently trading around 9.5318 levels.
- It made intraday high at 9.5371 and low at 9.5108 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.5100 marks.
- A sustained close above 9.51 tests key resistances 9.5438, 9.5668, 9.5913 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.51 will tests key supports at 9.5048, 9.4953, 9.4652 and 9.4366 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.
- Sweden will release CPI data at 0830 GMT.
We prefer to take short position in EUR/SEK only below 9.51, stop loss 9.5670 and target of 9.4953.
