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- The Swedish Krona declined after rising for two consecutive sessions as the greenback rebounded from recent lows.
- Last week, the pair rose as high as 10.9333 but retraced to close lower at 10.8280.
- EUR/SEK trades 0.4 percent up at 10.8575, having hit an all-time high of 10.9333 on Wednesday.
- Technical indicators support upside: RSI strong at 60.14, Stochs are biased higher, and MACD supports upside.
- Immediate resistance is located at 10.8757, any close above could take it near 10.8953.
- On the lower side, support is seen at 10.7799/ 10.7766 (21-EMA), break below could take it till 10.7595.
Recommendation: Good to buy on dips around 10.8265, with stop loss of 10.8060, and target price at 10.8757.
