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FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited
22 April 2016, 10:28
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FxWirePro: Swedish Krona Erases Previous Gain Against Euro, Upside Limited
- EUR/SEK is currently trading around 9.1926 levels.
- It made intraday high at 9.1944 and low at 9.1787 levels.
- Intraday bias remains neutral for the moment.
- A daily close above 9.2050 will test key resistances at 9.2630/9.3515 marks.
- Alternatively, reversal from key resistance will take the parity down towards 9.1492 marks.
- Important to note here that 20D, 30D and 55D EMA heads down in daily chart and confirms the bearish trend.
We prefer to take short position in EUR/SEK at 9.1958, stop loss 9.2050 and target 9.1492 marks.
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