- The Swedish Krona eased, extending previous session losses, as the euro gained across the board.
- EUR/SEK trades 0.1 percent up at 10.5587, having hit a high of 10.5930 on Monday, its highest since November 26.
- Technical indicators are bullish: RSI strong at 55.88, Stochs are biased higher and MACD supports upside.
- Immediate resistance is located at 10.5690, any close above could take it near 10.5774.
- On the lower side, support is seen at 10.5414 (5-DMA), break below could take it till 10.53117 (7-EMA)
Recommendation: Good to buy on dips around 10.5538, with stop loss of 10.5414 and target price at 10.5774.
