- The Swedish Krona rallied to a 1-month peak following Riksbank's interest rate decision.
- Sweden's central bank left its key repo rate unchanged at -0.25 percent, as widely expected.
- EUR/SEK trades 0.3 percent down at 10.6970, having hit a low of 10.6497 earlier, its lowest since September 25.
- Technical indicators are bearish: RSI weak at 39.95, MACD supports downside and Stochs are at oversold levels.
- Immediate resistance is located at 10.7550 (5-DMA), any close above could take it near 10.7744 (21-EMA).
- On the lower side, support is seen at 10.6399, break below could take it till 10.6113.
- Break below 200 DMA could see minor trend reversal.
Recommendation: Good to sell on rallies around 10.7205, with stop loss of 10.7344, and target price at 10.6399.
