FxWirePro: EUR/SEK plunges to 7-week trough, likely to break below 200-DMA

• The Swedish Krona rallied to a 7-week peak as the euro plunged to multi-week lows. 
   
• EUR/SEK trades 0.1 percent down at 10.6362, having hit a low of 10.6305 earlier, its lowest since September 17.
   
• Technical indicators are bearish: RSI weak at 35.38, Stochs are at oversold levels and MACD supports downside. 
   
• Immediate resistance is located at 10.6903 (5-DMA), any close above could take it near 10.7205 (10-DMA). 
   
• On the lower side, support is seen at 10.6207 (200-DMA), break below could take it till  10.6099.

Recommendation: Good to sell on rallies around 10.6424, with stop loss of 10.6600, and target price at 10.6099.