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Add as a preferred source on Google FxWirePro: EUR/SEK at 1-week trough, dip till 10.4966 likely The Swedish Krona rallied to a 1-week peak as the euro eased across the board. EUR/SEK trades 0.1 percent down at 10.5181, having hit a low of 10.5173 earlier, its lowest since November 29. Technical indicators are beari…
By FxWirePro Team Dec 6, 2019, 9:59 AM UTC
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The Swedish Krona rallied to a 1-week peak as the euro eased across the board.
EUR/SEK trades 0.1 percent down at 10.5181, having hit a low of 10.5173 earlier, its lowest since November 29.
Technical indicators are bearish: RSI weak at 32.61, Stochs are at oversold levels and MACD supports downside.
Immediate resistance is located at 10.5562, any close above could take it near 10.5686.
On the lower side, support is seen at 10.5123, break below could take it till 10.4966.
Recommendation: Good to sell on rallies around 10.5250, with stop loss of 10.5478, and target price at 10.4966.
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