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Add as a preferred source on Google FxWirePro: EUR/SEK near 1-week peak, jump till 10.7077 likely EUR/SEK trades 0.7 percent up at 10.6943, having hit a low of 10.6113 on Thursday, its lowest since September 6. The pair broke above 10.6845 (21-EMA) but finds strong resistance at 21-DMA. RSI is strong at 51.03 and Sto…
By FxWirePro Team Sep 17, 2019, 9:09 AM UTC
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EUR/SEK trades 0.7 percent up at 10.6943, having hit a low of 10.6113 on Thursday, its lowest since September 6.
The pair broke above 10.6845 (21-EMA) but finds strong resistance at 21-DMA.
RSI is strong at 51.03 and Stochs have rolled over from oversold levels.
Immediate resistance is located at 10.7077 (21-DMA), close above could take it near 10.7358 (Aug. 15 High).
On the lower side, support is seen at 10.6142 (trendline joining 10.6019 and 10.6099), break below could take it till 10.5902 (June 3 Low) /10.5646.
Recommendation: Good to buy on dips around 10.6313, with stop loss of 10.6192, target price at 10.7077
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