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- EUR/SEK is currently trading around 9.2709 levels.
- It made intraday high at 9.2824 and low at 9.2677 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.28 marks.
- A daily close above 9.28 is required to take the parity higher towards key resistance at 9.3262 marks.
- A daily close below 9.25 will take the parity down towards key supports at 9.2351 (May 25, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks respectively.
- Alternatively, reversal from key support tests key resistances at 9.2953, 9.3028, 9.3262, 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
We prefer to take long position in EUR/SEK around 9.27, stop loss 9.25 and target of 9.2953 marks.
