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FxWirePro: EUR/SEK hits fresh 3-month low at 9.5204 mark, consistent close below targets 9.4711 mark

  • EUR/SEK is currently trading around 9.5437 levels.
     
  • It made intraday high at 9.5447 and low at 9.5249 levels.
     
  • Intraday bias remains slightly bullish till the time pair holds key support at 9.5204 marks.
     
  • A daily close below 9.5236 will take the parity down towards key supports at 9.5097, 9.4711, 9.4637, 9.4406, 9.4217 and 9.4019 marks respectively.
     
  • On the other side, a daily close above 9.5236 is required to take the parity higher towards key resistances at 9.5641, 9.5739 and 9.6143 marks respectively.

We prefer to take short position in EUR/SEK only below 9.5236, stop loss 9.5739 and target 9.4711.

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