FxWirePro: EUR/SEK hits fresh 5-day high at 9.5646; stay bullish

12 September 2016, 14:54
Eko Rediantoro
0
5

  • EUR/SEK is currently trading around 9.5634 levels.
     
  • It made intraday high at 9.5646 and low at 9.5263 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 9.5405 marks.
     
  • A daily close below 9.54 will take the parity down towards key supports at 9.5174, 9.4637, 9.4406, 9.4217, 9.4046, 9.3637, 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
     
  • On the other side, a daily close above 9.56 is required to take the parity higher towards key resistances at 9.5713, 9.5993, 9.6109 and 9.6742 marks.
     
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.

We prefer to go long on EUR/SEK around 9.56, stop loss at 9.5379 and target of 9.5713/9.5993.


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