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FxWirePro: Euro strengthens against Swedish krona, good to buy on dips

Monday, May 23, 2016 7:49 AM UTC

EUR/SEK is currently trading around 9.3410 levels.
It made intraday high at 9.3416 and low at 9.3225 levels.
Intraday bias remains bullish till the time pair holds key support at 9.32 marks.
A sustained break above 9.3480 tests key resistances at 9.3658, 9.3781(High May 19, 2016), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
On the other side, a break below 9.3218 will take the parity down towards key supports at 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 around 9.3380, stop loss 9.3225 and target 9.3658/ 9.3781 marks.

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FxWirePro: Euro strengthens against Swedish krona, good to buy on dips

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