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EUR/NOK gaining upside traction

EUR/NOK declines over recent weeks appear to have been temporarily stalled in the face of a bullish development.

The MACD line is tracing higher lows, when compared to recent sessions. Meanwhile, the meandering of the price structure is carving lower lows, which should give strong indication that we have seen the bottom on this pair for the time being.

GBP/USD grinding lower towards 1.5150

The pound remains in the negative territory at the beginning of the week, sending GBP/USD to test lows in the mid-1.5100s...
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US: Light data calendar this week with GDP in highlight – Rabobank

Jane Foley, Senior FX Strategist at Rabobank, lists down the key data events for the week.
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