FXWIREPRO: EUR/SEK Hovers Around 9.25, Good to Sell on Rallies
- EUR/SEK is currently trading around 9.2502 levels.
- It made intraday high at 9.2560 and low at 9.2371 levels.
- Pair fails to break key resistance at 9.2718 and supported below 9.2500 marks.
- Intraday bias remains bearish for the moment.
- On the top side key resistances are seen at 9.2718, 9.2774, 9.2871 and 9.3082 marks.
- A daily close below 9.2129 will drag the parity down towards key supports at 9.2050/9.1471 marks.
- Important to note here that 20D, 30D and 55D EMA heads down and signals bearish trend.
We prefer to take short position in EUR/SEK around 9.2522, stop loss 9.2676 and target 9.2050 marks.
The material has been provided by InstaForex Company - www.instaforex.com