FxWirePro: EUR/SEK rebounds from 1-week trough, intraday bias bullish

• The Swedish Krona retreated from a 1-week peak hit earlier in the session as investors cautiously awaited domestic unemployment data due on Thursday. 
   
• Sweden’s unemployment rate increased to 7.1 percent in August from 6.1 percent in the same month of the previous year. 
   
• EUR/SEK trades 0.05 percent up at 10.8305, having hit an all-time high of 10.9333 on Wednesday.
   
• Technical indicators support upside: RSI strong at 57.70, Stochs indicate bullish crossover, and MACD supports upside.
   
• Immediate resistance is located at 10.8585 (5-DMA), any close above could take it near 10.8757. 
   
• On the lower side, support is seen at 10.8000, break below could take it till 10.7811 (21-EMA).

Recommendation: Good to buy on dips around 10.8288, with stop loss of 10.8000, and target price at 10.8757.