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- The Swedish Krona declined, extending previous session losses as the euro rebounded against the dollar from near 3-year lows.
- The euro attempted a recovery following better-than-expected trade balance and upbeat prelim gross domestic product data.
- The Swedish currency rose to a near 6-week peak earlier in the week on Riksbank's monetary policy decision.
- EUR/SEK trades 0.1 percent up at 10.4832, having hit a low of 10.4741 on Wednesday, its lowest since January 3.
- Technical indicators are bullish on hourly charts: RSI strong at 64, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 10.5240, any close above could take it near 10.5317.
- On the lower side, support is seen at 10.4743, break below could take it till 10.4548.
Recommendation: Good to buy on dips around 10.4885, with stop loss of 10.4743 and target price at 10.5240.
