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FxWirePro: EUR/SEK off 1-week trough, jump till 10.6992 likely

EUR/SEK trades 0.2 percent up at 10.6927, having hit a low of 10.6399 earlier, its lowest since September 17. Technical indicator support upside: RSI indicates uptrend and Stochs are biased higher. Immediate resistance i…

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FxWirePro: EUR/SEK off 1-week trough, jump till 10.6992 likely
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  • EUR/SEK trades 0.2 percent up at 10.6927, having hit a low of 10.6399 earlier, its lowest since September 17.
     
  • Technical indicator support upside: RSI indicates uptrend and Stochs are biased higher.
     
  • Immediate resistance is located at 10.6992 (21-DMA), close above could take it near 10.7308. 
     
  • On the lower side, support is seen at 10.6285, break below could take it till 10.6151 (trendline joining 10.6019 and 10.6290).

Recommendation: Good to buy on dips around 10.6505, with stop loss of 10.6285, and target price at 10.6992 

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