FxWirePro: EUR/SEK consolidates near 2-week trough, dip till 10.7847 likely

• The Swedish Krona rose, hovering towards a 2-week peak hit in the previous session as investors awaited domestic unemployment data due on Thursday. 
   
• Sweden’s unemployment rate is likely to decline to 6.6 percent in September after rising to 7.1 percent in the previous month. 
   
• EUR/SEK trades flat at 10.8200, having hit a low of 10.7936 on Tuesday, its lowest since October 2.
   
• Technical indicators are turning bearish on hourly charts: RSI weak at 48.14 and Stochs are biased lower. 
   
• Immediate resistance is located at 10.8517, any close above could take it near 10.8757. 
   
• On the lower side, support is seen at 10.7847(21-EMA)/ 10.7799, break below could take it till 10.7653 (21-DMA).

Recommendation: Good to sell on rallies around 10.8299, with stop loss of 10.8402, and target price at 10.7847.