Quotes from Nordea Markets:
-NOK again tracked the Brent oil price on Friday and will remain mostly an oil play this week. The unemployment rate and retail sales reported this week should not matter much.
-While a small miss on retail sales is likely, the overall picture, looking at house prices, is favourable and should thus prevent Norges Bank from easing, which the market expects.
-The EUR/NOK found support at 8.53 last week, below which the next target is 8.46 (200-day moving average).