- The Swedish Krona declined after rising to a near 6-week peak in the previous session on Riksbank's monetary policy decision.
- However, the weakness comes in as Riksbank signalled a prolonged pause in monetary policy, with rates expected to be on hold now until 2023.
- EUR/SEK trades 0.1 percent up at 10.4832, having hit a low of 10.4741 on Wednesday, its lowest since January 3.
- Technical indicators are turning bullish: RSI pointing north and Stochs indicate a bullish crossover.
- Immediate resistance is located at 10.5030, any close above could take it near 10.5242.
- On the lower side, support is seen at 10.4680, break below could take it till 10.4511.
Recommendation: Good to buy on dips around 10.4770, with stop loss of 10.4680 and target price at 10.5030.
