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EUR/SEK technical outlook

  • Pair is currently trading at 9.3575 levels.
     
  • It made intraday high at 9.3577 and 9.3553 levels.
     
  • Intraday bias remains bullish till the time pair holds key support level at 9.30 levels.
     
  • A current rebound from 9.6109 ends at 9.3087 levels.
     
  • In addition 20, 30 and 55D EMA heads up and supports the bullish trend.
     
  • Alternatively, a daily close below 9.3831 will take the parity back around 9.30 levels.

We prefer to take long position in EUR/SEK around 9.36, stop loss 9.3551 and target 9.3675 levels.

 

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