FxWirePro: EUR/SEK off 1-week low, jump till 10.6847 likely

• The Swedish Krona eased after rising to a 1-week peak in the previous session on better-than-expected industrial inventories data.
   
• EUR/SEK trades 0.1 percent up at 10.6572, having hit a low of 10.6417 on Friday, its lowest since November 8.
   
• Technical indicators are bullish on hourly charts: RSI strong at 50.02, Stochs are biased higher and MACD supports upside.
   
• Immediate resistance is located at 10.6761 (10-DMA), any close above could take it near 10.6847 (5-DMA). 
   
• On the lower side, support is seen at 10.6297 (200-DMA), break below could take it till 10.6106 (trendline joining 10.6019 and 10.6085).

Recommendation: Good to buy on dips around 10.6500, with stop loss of 10.6297 and target price at 10.6847.