FxWirePro: EUR/SEK Remains Well Supported Below 9.35, Intraday Bias Remains Bearish

FxWirePro: EUR/SEK Remains Well Supported Below 9.35, Intraday Bias Remains Bearish

18 May 2016, 10:36
Roberto Jacobs
0
6

FxWirePro: EUR/SEK Remains Well Supported Below 9.35, Intraday Bias Remains Bearish

  • EUR/SEK is currently trading around 9.3353 levels. 
  • It made intraday high at 9.3442 and low at 9.3285 levels. 
  • Intraday bias remains bearish for the moment. 
  • A sustained break above 9.35 tests key resistances at 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks. 
  • Alternatively, current downfall from 9.3534 will take the parity towards key supports at 9.2612, 9.2301 (January 07, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks.

We prefer to take short position in EUR/SEK around 9.3370, stop loss 9.3534 and target 9.3045 marks.

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