FxWirePro: EUR/SEK breaks below 200-DMA, dip till 10.6113 likely

• The Swedish Krona rallied to a 2-week peak as the euro declined across the board.
   
• The pair broke below major support 200-DMA and is trading around the 10.6200 level
   
• EUR/SEK trades 0.2 percent down at 10.6205, having hit a low of 10.6193 earlier, its lowest since November 7.
   
• Technical indicators are bearish: RSI weak at 36.23, Stochs are biased lower and MACD supports downside.
   
• Immediate resistance is located at 10.6576 (5-DMA), any close above could take it near 10.6638 (7-EMA) 
   
• On the lower side, support is seen at 10.6113/ 10.6085, break below could take it till 10.6019.

Recommendation: Good to sell on rallies around 10.6334, with stop loss of 10.6499 and target price at 10.6113.