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FxWirePro: Euro continues to add strength against Swedish krona, key resistance falls at 9.3664

Tuesday, May 24, 2016 7:05 AM UTC

EUR/SEK is currently trading around 9.3645 levels.
It made intraday high at 9.3715 and low at 9.3437 levels.
Intraday bias remains bullish for the moment.
A daily close above 9.3664 tests key resistances at 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
Alternatively, reversal from key resistance will take the parity down towards key supports at 9.3450, 9.3285, 9.3045, 9.2612, 9.2301 (January 07, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks.

We prefer to take long position in EUR/SEK only above 9.3664, stop loss 9.3513 and target 9.3781/ 9.3967 marks.

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FxWirePro: Euro continues to add strength against Swedish krona, key resistance falls at 9.3664

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