FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish

FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish

19 April 2016, 09:16
Roberto Jacobs
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FxWirePro: EUR/SEK Fails to Break Key Support at 9.1501, Intraday Bias Remains Bullish

  • EUR/SEK is currently trading around 9.1831 levels. 
  • It made intraday high at 9.1832 and low at 9.1625 levels. 
  • Intraday bias remains bullish for the moment. 
  • A daily close below 9.1501 will likely to take the parity down towards key support at 9.1407 marks. 
  • Alternatively, reversal from key support will take the parity up towards 9.2050/9.2630/9.3515 marks.

We prefer to take long position in EUR/SEK at 9.1810, stop loss 9.1658 and target 9.2050 marks.

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