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Forex: EUR/NOK little changed after Norway data

By FXstreet.com,  January 07, 2013, 04:20:00 AM EDT

FXstreet.com (Barcelona) - The Norwegian krone posted no reaction after the jobless rate in the Nordic economy ticked higher to 3.2% during October, above September's 3.1%. The NOK is thus remaining in the 7.3160 region, following its fellow neighbour SEK and retracing some of the NOK weakness seen last Friday.

EUR/NOK is now losing 0.30% at 7.3165
Next support levels are located at 7.2802 (low Jan.4) ahead of 7.2677 (low Aug.31) and 7.2600 (low Aug.28).
On the flip side, a break above 7.3575 (MA30d) would bring 7.4200 (high Dec.19) and finally 7.4385 (MA200d).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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