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- EUR/SEK is currently trading around 9.1863 levels.
- It made intraday high at 9.2066 and low at 9.1703 levels.
- Intraday bias remains neutral for the moment.
- A sustained close above 9.2050 is required to take the parity up towards key resistances at 9.2630/9.3515 marks.
- Alternatively, reversal from key resistance likely to take the parity down towards key supports at 9.1613/9.1471 marks.
- Important to note here that, 20D, 30D and 55D EMA heads down and confirms bearish trend in daily chart.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
