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FxWirePro: Swedish krona falls gradually against euro, stay bullish

  • EUR/SEK is currently trading around 10.4710 levels.
     
  • It made intraday high at 10.4797 and low at 10.4651 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 10.4050 marks.
     
  • A daily close above 10.4725 is required to take the parity higher towards key resistances at 10.4969, 10.5244 and 10.5815 marks respectively.
  • On the other side, a daily close below 10.4050 will take the parity down towards key supports at 10.3770, 10.3438, 10.3160 and 10.2555 marks respectively.
     
  • Sweden March 2019 reg unemployment rate stays flat at 6.9 % vs previous 6.9 %.

We prefer to take long position on EUR/SEK around 10.4700, stop loss at 10.4386 and target of 10.5244/10.5578.

  • Market Data
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