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FxWirePro: EUR/SEK remains well supported above 9.49 mark, good to buy on dips

  • EUR/SEK is currently trading around 9.4939 levels.
     
  • It made intraday high at 9.4995 and low at 9.4700 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.4637 marks.
     
  • A daily close below 9.4637 will take the parity down towards key supports at 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
     
  • On the other side, a daily close above 9.50 is required to take the parity higher towards key resistances at 9.5183, 9.5282 and 9.5363 marks.

We prefer to take long position in EUR/SEK around 9.48, stop loss 9.4700 and target 9.5596/9.5950 marks.

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