Source: Thomson Reuters
- EUR/NOK rises above 8.70, oil and rate speculation the drivers
- With USD/NOK below recent highs an element of EUR pep too
- If pair closes above 8.6980 Mar 11 high, 8.7780 Feb 12 high will be next target
- Brent below the 50DMA, 55.00, and testing lower 30DMA Bollinger
- Norges Bank up Thurs, market expects 25bp cut but backdrop could argue 50bp drop
