Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/SEK near 2-week peak, jump till 10.7240 likely 

  • The Swedish Krona eased to an over 1-week low as the greenback consolidated near multi-week peaks.
     
  • The pair rallied as high as 10.7212 but finds strong resistance at 21-EMA.
     
  • EUR/SEK trades 0.4 percent up at 10.7145, having hit a high of 10.7212 earlier, its highest since November 1.
     
  • Technical indicators are bullish: Stochs are biased higher.
     
  • Immediate resistance is located at 10.7240 (55-EMA), any close above could take it near 10.7418 (21-DMA). 
     
  • On the lower side, support is seen at 10.6676 (5-DMA), break below could take it till  10.6424.

Recommendation: Good to buy on dips around 10.6809, with stop loss of 10.6707 and target price at 10.7240 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.