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FxWirePro: EUR/SEK faces key support at 9.3233, intraday bias remains bullish

  • EUR/SEK is currently trading around 9.3492 levels.
     
  • It made intraday high at 9.3727 and low at 9.3233 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.3233 marks.
     
  • A daily close below 9.3233 will take the parity down towards key supports at 9.3031 and 9.2938 marks respectively.
     
  • On the other side, a daily close above 9.3972 is required to take the parity higher towards key resistances at 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.

We prefer to take long position in EUR/SEK around 9.3450, stop loss 9.3233 and target 9.3972/ 9.4102 marks.

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