FxWirePro: EUR/SEK at 7-week peak ahead of Swedish household consumption, jump till 10.6082 likely

• The Swedish Krona plunged to a 7-week low as investors awaited November household consumption data due tomorrow.
   
• Sweden's household consumption is expected to rise to 0.5 percent from 0.2 percent a month earlier in October.
   
• EUR/SEK trades 0.2 percent up at 10.5766, having hit a high of 10.5930 earlier, its highest since November 26.
   
• Technical indicators are bullish: RSI strong at 58.61, Stochs are at overbought levels and MACD supports upside.
   
• Immediate resistance is located at 10.6082, any close above could take it near 10.6260.
   
• On the lower side, support is seen at 10.5331 (5-DMA), break below could take it till 10.5211 (7-EMA).

Recommendation: Good to buy on dips around 10.5580, with stop loss of 10.5331 and target price at 10.6082.