FxWirePro: EUR/SEK Fails to Sustain Below 9.35, Downside Limited
19 May 2016, 10:22
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FxWirePro: EUR/SEK Fails to Sustain Below 9.35, Downside Limited
- EUR/SEK is currently trading around 9.3690 levels.
- It made intraday high at 9.3714 and low at 9.3530 levels.
- Intraday bias remains bearish for the moment.
- A sustained break above 9.37 tests key resistances at 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.
- Alternatively, current downfall from 9.3714 will take the parity towards key supports at 9.3285, 9.3045, 9.2612, 9.2301 (January 07, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks.
We prefer to take long position in EUR/SEK around 9.36, stop loss 9.3285 and target 9.3967 marks.
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