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Forex: EUR/NOK unchanged after sales

The Norwegian krona is now gathering pace against the single currency, after Retail Sales in the Nordic economy expanded 1.0% during January, surpassing December’s raise at 0.2%.

At the moment, EUR/NOK is up 0.17% at 7.4839 with the next resistance at 7.5080 (high Feb.21) ahead of 7.5254 (high Jul.9 2012) and then 7.5313 (high Jul.6).
On the other hand, a break below 7.4350 (low Feb.26) would expose 7.4260 (MA30d) and finally 7.4010 (low Feb.20).

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