• The Swedish Krona eased after rising to a 2-week peak in the previous session. 
   
• On Tuesday, the pair fell below 7-EMA as the euro plunged after data showed Eurozone inflation slowed to its weakest pace in five months driven by a collapse in global oil prices.
   
• EURSEK fell as low as 10.8509 in the prior session but retraced to close 1.4 percent down at 10.9064.
   
• The pair attempted a minor recovery in todays session as the Swedish currency weakened after data showed Sweden's Manufacturing declined for the month of March. 
   
• Sweden's Swedbank Manufacturing PMI plunged to 43.2 in March from a downwardly revised 52.7 in the previous month, pointing to the first contraction in the sector since December last year and the steepest since April 2009.
   
• EUR/SEK trades 0.3 percent up at 10.9367, having hit a low of 10.8509 on Tuesday, its lowest since March 17.
   
• Immediate resistance is located at 10.9812, any close above could take it near 11.0282 (10-DMA).
   
• On the lower side, support is seen at 10.8452, break below could take it till 10.8165.