- EUR/SEK is currently trading around 10.4304 levels.
- It made intraday high at 10.4409 and low at 10.4050 levels.
- Intraday bias remains neutral till the time pair holds key support at 10.4050 marks.
- A daily close above 10.4485 is required to take the parity higher towards key resistances at 10.4643, 10.4969, 10.5244 and 10.5815 marks respectively.
- On the other side, a daily close below 10.4050 will take the parity down towards key supports at 10.3770, 10.3438, 10.3160 and 10.2555 marks respectively.
- Sweden April 2019 money market CPIF inflation 1 year stays flat at 1.8 % vs previous 1.8 %.
- Sweden April 2019 money market CPIF inflation 5 year stays flat at 1.8 % vs previous 1.8 %.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
