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Add as a preferred source on Google FxWirePro: EUR/SEK halts 2-day rally, dip till 10.5337 likely The Swedish Krona rose after declining for two straight sessions. EUR/SEK trades 0.2 percent down at 10.5431, having hit a high of 10.5763 earlier, its highest since January 13. Technical indicators are bullish: RSI stro…
By FxWirePro Team Jan 17, 2020, 11:53 AM UTC
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The Swedish Krona rose after declining for two straight sessions.
EUR/SEK trades 0.2 percent down at 10.5431, having hit a high of 10.5763 earlier, its highest since January 13.
Technical indicators are bullish: RSI strong at 53.24, Stochs are biased higher and MACD supports upside.
Immediate resistance is located at 10.5774, any close above could take it near 10.5930.
On the lower side, support is seen at 10.5337 (10-DMA), break below could take it till 10.5176 (21-EMA) .
Recommendation: Good to sell on rallies around 10.5560, with stop loss of 10.5685 and target price at 10.5337.
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