FxWirePro: EUR/SEK rebounds from near 3-month trough, jump till 10.6822 likely

• The Swedish Krona retreated from a near 3-month peak hit in the previous session despite upbeat household spending data.
   
• Sweden's household spending increased 0.8 percent in September over the previous month, surpassing forecast of 0.4 percent.
   
• EUR/SEK trades 0.3 percent up at 10.6618, having hit a low of 10.6085 the day before, its lowest since August 14.
   
• On Thursday, the pair breached major support 200-DMA but retraced to close lower at 10.6334. 
   
• Technical indicators are bullish on hourly charts: RSI strong at 63.82, Stochs are at overbought levels and MACD supports upside. 
   
• Immediate resistance is located at 10.6822 (7-EMA), any close above could take it near 10.7116 (10-DMA). 
   
• On the lower side, support is seen at 10.6222 (200-DMA), break below could take it till  10.6085.
   

Recommendation: Good to buy on dips around 10.6424, with stop loss of 10.6222 and target price at 10.6822.