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- The Swedish Krona rallied to a 2-week peak as the euro declined across the board.
- The pair broke below major support 200-DMA and is trading around the 10.6200 level
- EUR/SEK trades 0.2 percent down at 10.6205, having hit a low of 10.6193 earlier, its lowest since November 7.
- Technical indicators are bearish: RSI weak at 36.23, Stochs are biased lower and MACD supports downside.
- Immediate resistance is located at 10.6576 (5-DMA), any close above could take it near 10.6638 (7-EMA)
- On the lower side, support is seen at 10.6113/ 10.6085, break below could take it till 10.6019.
Recommendation: Good to sell on rallies around 10.6334, with stop loss of 10.6499 and target price at 10.6113.
