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3 Apr 2013
Forex: EUR/NOK in 3-week lows on Norway data
FXstreet.com (Barcelona) - The Norwegian krone is advancing against the single currency for the third consecutive session on Wednesday, printing at the same time fresh 3-week lows around 7.4480/45 after the unemployment rate in the Nordic economy remained at 3.6% in January, banging on forecasts.
Interesting week ahead for the NOK, as Retail Sales, Industrial Production, Credit Indicators and Manufacturing Output are all due ahead in the upcoming sessions.
At the moment, the pair is down 0.12% at 7.4478 and a dip beyond 7.4275 (low Mar.13) would expose 7.4250 (low Mar.8) and finally 7.4155 (low Mar.7).
On the upside, a breakout of 7.5047 (MA10d) would aim for 7.5677 (high Mar.21) and then 7.5780 (2013 high Mar.20).
Interesting week ahead for the NOK, as Retail Sales, Industrial Production, Credit Indicators and Manufacturing Output are all due ahead in the upcoming sessions.
At the moment, the pair is down 0.12% at 7.4478 and a dip beyond 7.4275 (low Mar.13) would expose 7.4250 (low Mar.8) and finally 7.4155 (low Mar.7).
On the upside, a breakout of 7.5047 (MA10d) would aim for 7.5677 (high Mar.21) and then 7.5780 (2013 high Mar.20).