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

Friday, March 20, 2015 12:20 PM UTC

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

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