- The Swedish Krona retreated from a 1-week trough hit earlier in the session as markets awaited service PMI and current account figures due tomorrow.
- EUR/SEK trades 0.4 percent down at 10.5264, having hit a high of 10.5744 earlier, its highest since November 26.
- Technical indicators are bearish: RSI weak at 33.85, Stochs are at oversold levels and MACD supports downside.
- Immediate resistance is located at 10.5914 (10-DMA), any close above could take it near 10.6082.
- On the lower side, support is seen at 10.5123, break below could take it till 10.4963.
Recommendation: Good to sell on rallies around 10.5693, with stop loss of 10.5914 and target price at 10.5123.
