EURSEK:Euro back?EUR/SEK
Intraday - We look to Buy at 10.5061 (stop at 10.4794)
Preferred trade is to buy on dips. Prices have continued the bullish move higher and resulted in 5 consecutive positive days. There is scope for mild selling at the open but losses should be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 10.5900 and 10.6100
Resistance: 10.5900 / 10.6074 / 10.7000
Support: 10.5000 / 10.4500 / 10.4000
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