- EUR/SEK is currently trading around 9.3984 levels.
- It made intraday high at 9.4115 and low at 9.3756 levels.
- Intraday bias remains bullish till the time pair holds key support at 9.3637 marks.
- A daily close below 9.3637 will take the parity down towards key supports at 9.3434, 9.3267, 9.2928, 9.2790 and 9.2582 marks respectively.
- On the other side, a daily close above 9.42 is required to take the parity higher towards key resistances at 9.4399, 9.4462, 9.4572, 9.4682 (high of February 08, 2016) and 9.4942 marks.
We prefer to take long position in EUR/SEK around 9.38, stop loss 9.3637 and target 9.4399 marks.
The material has been provided by InstaForex Company – www.instaforex.com