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- EUR/SEK is currently trading around 9.3308 levels.
- It made intraday high at 9.3517 and low at 9.3205 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.3571 marks.
- A daily close below 9.3279 will take the parity down towards key supports at 9.3053, 9.2896 and 9.2749 marks respectively.
- On the other side, a daily close above 9.3571 is required to take the parity higher towards key resistance at 9.3642/ 9.3894/ 9.3928 marks.
- On the top side, key resistances are seen at 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
- Today Sweden’s unemployment rate falls to 7.3% m/m vs 7.5% m/m previous release.
We prefer to take short position in EUR/SEK around 9.34, stop loss 9.3508 and target of 9.2896 marks.
