Friday, October 16, 2026

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EUR/NOK rises from post NB lows, flirting with the 200HMA

Source: Thomson Reuters EUR/NOK sees a reasonable 8.6950 pick up from the Thrs 8.5950 post NB low Now flirting with 200HMA at 8.6860, 100DMA 8.7475, Daily cloud base 8.7590 Position adjusting seen, markets focus on a fut…

By Jay L. Zagorsky
1 min read
EUR/NOK rises from post NB lows, flirting with the 200HMA
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Source: Thomson Reuters


  • EUR/NOK sees a reasonable 8.6950 pick up from the Thrs 8.5950 post NB low

  • Now flirting with 200HMA at 8.6860, 100DMA 8.7475, Daily cloud base 8.7590

  • Position adjusting seen, markets focus on a future rate cut 

  • Decent NOK/SEK supply likely, but price action still tight here

  • Oil remains key and Brent is holding a softer/neutral bias

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By FxWirePro Team