FxWirePro: EUR/SEK at 1-week low, major support at 200-DMA

• The Swedish Krona rallied to a 1-week peak following better-than-expected industrial inventories data.
   
• Sweden’s industrial inventories slumped by SEK 6.1 billion in the third quarter, missing forecast of SEK -6.8 billion.
   
• EUR/SEK trades 0.1 percent down at 10.6601, having hit a high of 10.7488 on Wednesday, its highest since November 1.
   
• Technical indicators are bearish: RSI weak at 40.96, Stochs are biased lower and MACD supports downside.
   
• Immediate resistance is located at 10.6901 (5-DMA), any close above could take it near 10.7128 (21-EMA). 
   
• On the lower side, support is seen at 10.6424, break below could take it till  10.6289 (200-DMA).

Recommendation: Good to sell on rallies around 10.6665, with stop loss of 10.6775, and target price at 10.6424.