FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642

FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642

2 June 2016, 12:10
Roberto Jacobs
0
5

FxWirePro: EUR/SEK Back Above 9.29 Mark, a Sustain Break Above Targets 9.3642

  • EUR/SEK is currently trading around 9.2932 levels. 
  • It made intraday high at 9.2927 and low at 9.2635 levels. 
  • Intraday bias remains neutral till the time pair holds key resistance at 9.3039 marks. 
  • A daily close above 9.29 is required to take the parity higher towards key resistance at 9.3262/ 9.3642 marks. 
  • A daily close below 9.2615 will take the parity down towards key supports at 9.2351 (May 25, 2016 low), 9.2050 (March 16, 2016), 9.1919 and 9.1416 marks respectively. 
  • Alternatively, reversal from key support tests key resistances at 9.2953, 9.3028, 9.3262, 9.3781(May 19, 2016 high), 9.3967, 9.4102, 9.4682 (high of February 08, 2016) and 9.4942 marks.

We prefer to take long position in EUR/SEK around 9.29, stop loss 9.2651 and target of 9.3039/ 9.3262/ 9.3642 marks.

The material has been provided by ifx_logo.gif



Share it with friends: