FXWIREPRO: Swedish Crown Hits Fresh Four-Week High of 9.2079 Crowns Per Euro After Better-Than-expected Inflation Data

FXWIREPRO: Swedish Crown Hits Fresh Four-Week High of 9.2079 Crowns Per Euro After Better-Than-expected Inflation Data

• EUR/SEK is currently trading around 9.2248 levels. 
• It made intraday high at 9.2630 and low at 9.2079 levels. 
• Today Sweden released CPI data with positive numbers at 0.5% m/m vs 0.3% m/m previous release. 
• Intraday bias remains bearish till the time pair holds key resistance at 9.2630 levels. 
• Initial support and resistance levels are seen at 9.2050 and 9.3519 marks.
  

We prefer to take short position in EUR/SEK only below 9.2068, stop loss 9.2392 and target 9.2050 marks.

The material has been provided by InstaForex Company - www.instaforex.com