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- EUR/SEK trades 0.7 percent up at 10.6943, having hit a low of 10.6113 on Thursday, its lowest since September 6.
- The pair broke above 10.6845 (21-EMA) but finds strong resistance at 21-DMA.
- RSI is strong at 51.03 and Stochs have rolled over from oversold levels.
- Immediate resistance is located at 10.7077 (21-DMA), close above could take it near 10.7358 (Aug. 15 High).
- On the lower side, support is seen at 10.6142 (trendline joining 10.6019 and 10.6099), break below could take it till 10.5902 (June 3 Low) /10.5646.
Recommendation: Good to buy on dips around 10.6313, with stop loss of 10.6192, target price at 10.7077
