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Daily outlook for NOK: Nordea

Quotes from Nordea Markets: -The NOK was once more inspired by the oil price yesterday, which paved the way for a move higher in EUR/NOK after Brent dropped below USD 60 per barrel on renewed supply worries. -EUR/NOK has…

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Quotes from Nordea Markets:

-The NOK was once more inspired by the oil price yesterday, which paved the way for a move higher in EUR/NOK after Brent dropped below USD 60 per barrel on renewed supply worries.

-EUR/NOK has recently found support at the 2014 lows around 8.53, below which the next target is 8.46 (200-day moving average).

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