EUR-NOK
The sharp rally above strong hurdle at 8.2037 last Friday is setting bulls on firmer footing and should see the upper resistance line from 24-Jun’s high coming into play at 8.2750 and seen as good area for profit-taking on existing longs.
EUR-SEK
Strong rally above 8.8370 resistance last Friday but short-lived and current strong retreat from the 8.8516 high is settling prices into consolidation. Slightly firmer undertone expected during intraday trading.
USD-NOK
Sharp rallies seen last two sessions setting bulls on firm footing and intraday retreat should continue to attract fresh buyers with bulls targeting the strong resistance at 6.2720. Only below 6.0392 to turn current upmove around.
USD-SEK
Sharp move above 6.5560 last Friday setting the broader upmove from 6.3087 low back on strong footing and this should provide a biddish undertone to this currency pair during intraday trading, eyeing further extension towards strong barrier at 6.6940.
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