- The Swedish Krona eased, drifting closer to an 11-year trough recorded earlier in the week.
- EUR/SEK trades 1.0 percent up at 10.9750, having hit a high of 11.0010 on Monday, its highest since July 2009.
- Technical indicators are bullish: RSI strong at 68, MACD supports upside and Stochs are at overbought levels.
- Immediate resistance is located at 11.0157, any close above could take it near 11.0227.
- On the lower side, support is seen at 10.8165, break below could take it till 10.8089 (38.2% Fib).
Recommendation: Good to buy on dips around 10.8722, with stop loss of 10.8360 and target price at 11.0157.