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Add as a preferred source on Google FxWirePro: EUR/SEK tumbles to 3-week trough, intraday bias bearish EUR/SEK trades 0.3 percent down at 10.7402, having hit a low of 10.7400 earlier, its lowest since October 1. Technical indicators are bearish: RSI weak at 45.43, MACD supports downside and Stochs are biased lower. Immedi…
By FxWirePro Team Oct 21, 2019, 9:35 AM UTC
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EUR/SEK trades 0.3 percent down at 10.7402, having hit a low of 10.7400 earlier, its lowest since October 1.
Technical indicators are bearish: RSI weak at 45.43, MACD supports downside and Stochs are biased lower.
Immediate resistance is located at 10.7870, any close above could take it near 10.8071.
On the lower side, support is seen at 10.7301, break below could take it till 10.7085.
Recommendation: Good to sell on rallies around 10.7604, with stop loss of 10.7781, and target price at 10.7085.
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