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- EUR/SEK is currently trading around 9.4820 levels.
- It made intraday high at 9.4863 and low at 9.4677 levels.
- Intraday bias remains neutral till the time pair holds key support at 9.48 marks.
- A sustained close above 9.4711 tests key resistances 9.5031, 9.5170, 9.5438, 9.5668, 9.5913 and 9.6098 marks respectively.
- Alternatively, a daily close below 9.4711 will tests key supports at 9.4652 and 9.4310 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. Current upside movement is short term trend correction only.
We prefer to take short position in EUR/SEK only below 9.4711, stop loss 9.5031 and target of 9.4310.
