- The Swedish Krona rallied to a 4-month peak as the euro weakened on last week's downbeat manufacturing data.
- EUR/SEK trades 0.1 percent down at 10.5893, having hit a low of 10.5508 earlier, its lowest since July 26.
- Technical indicators are bearish: RSI weak at 32.67, Stochs are at oversold levels and MACD supports downside.
- Immediate resistance is located at 10.6341 (200-DMA), any close above could take it near 10.6661 (10-DMA)
- On the lower side, support is seen at 10.5386, break below could take it till 10.5252.
Recommendation: Good to sell on rallies around 10.5990, with stop loss of 10.6341 and target price at 10.5386.
