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- EUR/SEK trades 0.3 percent up at 10.6927, having hit a high of 10.7563 on Thursday, its highest since September 10.
- On Monday, the pair plunged to a near 1-week low, breaching major support at 55-EMA.
- Technical indicator support upside: RSI strong at 50.75, MACD supports upside and Stochs are biased higher.
- Immediate resistance is located at 10.7336, close above could take it near 10.7571 (August 26 High)
- On the lower side, support is seen at 10.6420 (August 22 Low), break below could take it till 10.6170 (trendline joining 10.6019 and 10.6290).
Recommendation: Good to buy on dips around 10.6710, with stop loss of 10.6490 and target price at 10.7336.
