Fxwirepro: Eur/sek Fails to Find Support Above 9.78 Mark, Stay Bullish Only Above 9.7816

  • EUR/SEK is currently trading around 9.7651 levels.
  • It made intraday high at 9.7814 and low at 9.7633 levels.
  • Intraday bias remains neutral for the moment.
  • A sustained close above 9.7756 tests key resistances around 9.7816, 9.7940 and 9.8295 marks respectively.
  • Alternatively, a daily close below 9.7756 will tests key supports at 9.7540, 9.7328, 9.7221, 9.7006, 9.6774 and 9.6543 marks respectively.
  • Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart. Current downside movement is short term trend correction only.

We prefer to take long position in EUR/SEK only above 9.7816, stop loss 9.7293 and target of 9.8295.

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

Source:: Fxwirepro: Eur/sek Fails to Find Support Above 9.78 Mark, Stay Bullish Only Above 9.7816

About the Author
InstaForex brand was created in 2007 and at the moment it’s a top choice of more than 2,000,000 traders. More than 1,000 clients open accounts with InstaForex every day. All InstaForex clients get great opportunities for effective trading on the forex market, as well as on-time technical and customer support

Leave a Reply

*