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- EUR/SEK is currently trading around 9.4016 levels.
- It made intraday high at 9.4079 and low at 9.3775 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.3636 marks.
- A daily close below 9.3636 will take the parity down towards key supports at 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
- On the other side, a daily close above 9.42 is required to take the parity higher towards key resistances at 9.4399, 9.4462, 9.4572, 9.4682 (high of February 08, 2016) and 9.4942 marks.
- Swedish industrial production -0.8 pct m/m in May vs forecast +0.3 pct.
- Swedish industry orders -0.5 pct yr/yr in May.
- Swedish service sector production +5.4 pct y/y in May - stats office.
We prefer to take long position in EUR/SEK around 9.40, stop loss 9.3636 and target 9.4399/ 9.4572 marks.
