- The Swedish Krona declined, hovering towards an 11-year trough recorded in the previous session.
- EUR/SEK trades 0.1 percent up at 10.9380, having hit a high of 11.0010 on Monday, its highest since July 2009.
- Technical indicators are bullish: RSI strong at 67, MACD supports upside and Stochs indicate bullish crossover.
- Immediate resistance is located at 11.0175, any close above could take it near 11.0233.
- On the lower side, support is seen at 10.8185, break below could take it till 11.7655.
Recommendation: Good to buy on dips around 10.9263, with stop loss of 10.8794 and target price at 11.0175.
