Forex - Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries


Published at 05:36 (GMT) 11 Aug  


Chart EUR/NOK, EUR/SEK, USD/NOK, USD/SEK Opening Summaries (EXZC7401)

EUR-NOK
Consolidating above the 8.3370 low though this is seen giving way to further decline later. Break of the 8.3300 level will see scope for retest of the 8.3190, Jul low. Resistance now at 8.3700 and 8.3850. [P.L]

EUR-SEK
Retains upside bias from the 9.1970 low of last week though divegence on intraday tools caution pullback. Would need to clear the 9.2675 and 9.2740 highs to trigger stronger rally. Below 9.1970 support swing focus lower.

USD-NOK
Settled into consolidation above the 6.2180 low though the downside still not firm and see risk for break to trigger further decline to target 6.2050. Below this shift focus to 6.1700 level. Upside see resistance now at 6.2560 and 6.2640.

USD-SEK
Still firm within the 6.9325/6.8830 range and see scope for further extension to fresh high. Divergence on daily tools caution pullback though would take break of 6.8830 support to to trigger a top pattern and trigger deeper pullback.

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