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- EUR/SEK is currently trading around 10.1896 levels.
- It made intraday high at 10.2084 and low at 10.1840 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 10.2773 mark.
- A daily close above 10.2055 is required to take the parity higher towards key resistances at 10.2343, 10.2464, 10.2773, 10.2993 and 10.3396 marks respectively.
- On the other side, a daily close below 10.2055 will take the parity down towards key supports at 10.1715, 10.1643, 10.1356 and 10.1125 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position in EUR/SEK around 10.1950, stop loss 10.2343 and target 10.1643.
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