• EUR/SEK is currently trading around 9.2540 levels.
     
  • It made intraday high at 9.2604 and low at 9.2512 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 9.2656 levels.
     
  • Alternatively, current rebound from 9.3065 will likely to take the parity down towards key support at 9.2243/ 9.2166 marks.
     
  • A daily close above 9.2656 will turn the bias slightly bullish and drag the parity around 9.2774/ 9.2871 and 9.3082 marks respectively.

We prefer to take short position in EUR/SEK around 9.2550, stop loss 9.2656 and target 9.2243 marks.

The material has been provided by InstaForex Company – www.instaforex.com