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- EUR/SEK is currently trading around 10.5538 levels.
- It made intraday high at 10.5578 and low at 10.5443 levels.
- Intraday bias remains neutral till the time pair holds key support at 10.5438 marks.
- A daily close above 10.5502 is required to take the parity higher towards key resistances at 10.5815, 10.5980, 10.6132, 10.6314, 10.6450, 10.6722 and 10.69 marks respectively.
- On the other side, a daily close below 10.5502 will take the parity down towards key supports at 10.5348, 10.5115 and 10.4804 marks respectively.
- Sweden will release CPI as well as core CPI data around 0830 GMT.
We prefer to take short position on EUR/SEK only below 10.5420, stop loss 10.6000 and target of 10.5115/10.5000.
