FxWirePro: EUR/SEK rallies towards 11.400, intraday bias bullish

• The Swedish Krona tumbled to fresh 11-year trough, as major central banks efforts to calm financial markets were less effective than many policymakers desired.
   
• EUR/SEK trades 0.2 percent up at 11.1783, having hit a high of 11.3520 earlier, its highest since March 2009.
   
• Technical indicators are bullish: RSI strong at 74, MACD supports upside and Stochs are at overbought levels.
   
• Immediate resistance is located at 11.3788, any close above could take it near 11.4075.
   
• On the lower side, support is seen at 11.1018, break below could take it till 11.0169 (38.2% Fib).
   

Recommendation: Good to buy on dips around 11.1620, with stop loss of 11.1484 and target price at 11.3788.