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- The Swedish Krona declined against the euro, halting a 2-day rally.
- Last week, the pair rallied to a high of 10.7563 but found strong resistance at 10.7571.
- EUR/SEK trades 0.2 percent up at 10.7042, having hit a high of 10.7563 on Thursday, its highest since September 10.
- Technical indicator support upside: RSI strong at 51.91 and Stochs are biased higher.
- Immediate resistance is located at 10.7336, close above could take it near 10.7571 (August 26 High)
- On the lower side, support is seen at 10.6713 (55-EMA), break below could take it till 10.6420 (August 22 Low).
Recommendation: Good to buy on dips around 10.6893, with stop loss of 10.6713 and target price at 10.7336
