- The Swedish Krona declined, extending previous session losses ahead of Swedbank Manufacturing PMI due tomorrow.
- Sweden's Swedbank Manufacturing PMI is expected to decrease to 51 in September after rising to 52.4 in August.
- EUR/SEK trades 0.2 percent up at 10.7249, having hit a low of 10.6399 on Wednesday, its lowest since September 17.
- Technical indicators support upside: RSI strong at 55.34, MACD show uptrend and Stochs are biased higher.
- Immediate resistance is located at 10.7571 (August 26 High), close above could take it near 10.7752.
- On the lower side, support is seen at 10.6875 (21-DMA), break below could take it till 10.6714 (55-EMA).
Recommendation: Good to buy on dips around 10.7113, with stop loss of 10.6999 and target price at 10.7571.
