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

12 April 2016, 11:24
Roberto Jacobs
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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



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