- Pair is currently hovering around 9.33 levels.
- It made intraday high at 9.3684 and low at 9.3096 levels.
- Today Sweden released GDP data with positive figure at 1.3% Q/Q vs 0.7% median forecast.
- In addition year on year GDP data released at 4.5% Y/Y vs 3.5% median forecast.
- Intraday bias remains bearish till the time pair holds key resistance at 9.4005 levels.
- Alternatively, current downfall will take the parity towards key support levels at 9.2555/9.1421 thereafter.
We prefer to take short position in EUR/SEK around 9.3350, stop loss 9.3869 and target 9.2555 levels.
