FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Intraday Bias Remains Bullish

FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Intraday Bias Remains Bullish

6 June 2016, 10:27
Roberto Jacobs
2
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FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Intraday Bias Remains Bullish

  • EUR/SEK is currently trading around 9.2617 levels. 
  • It made intraday high at 9.2683 and low at 9.2386 levels. 
  • Intraday bias remains bullish till the time pair holds key support at 9.2329 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. 
  • On the other side, a daily close above 9.2881 is required to take the parity higher towards key resistance at 9.3262/ 9.3642 marks. 
  • On the top side, key resistances are seen 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 only above 9.2580, stop loss 9.2329 and target of 9.3039/ 9.3262/ 9.3642 marks.

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