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FxWirePro: Swedish krona marginally higher against euro ahead of Sweden’s CPI data

Friday, February 17, 2017 7:44 AM UTC

EUR/SEK is currently trading around 9.4513 levels.
It made intraday high at 9.4598 and low at 9.4427 levels.
Intraday bias remains neutral for the moment.
A sustained break above 9.4566 tests key resistances at 9.4682 (high of February 08, 2016), 9.4769 and 9.4942 marks.
Alternatively, a daily close below 9.4566 will tests key supports at 9.4424, 9.4366 and 9.4090 marks respectively.
Sweden will release CPI, core CPI data at 0830 GMT.

We prefer to take long position in EUR/SEK around 9.4470, stop loss 9.4350 and target 9.48.

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FxWirePro: Swedish krona marginally higher against euro ahead of Sweden’s CPI data

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