FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited

FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited

22 April 2016, 10:28
Roberto Jacobs
0
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FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited

  • EUR/SEK is currently trading around 9.1926 levels. 
  • It made intraday high at 9.1944 and low at 9.1787 levels. 
  • Intraday bias remains neutral for the moment. 
  • A daily close above 9.2050 will test key resistances at 9.2630/9.3515 marks. 
  • Alternatively, reversal from key resistance will take the parity down towards 9.1492 marks. 
  • Important to note here that 20D, 30D and 55D EMA heads down in daily chart and confirms the bearish trend.

We prefer to take short position in EUR/SEK at 9.1958, stop loss 9.2050 and target 9.1492 marks.

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