EUR/NOK seen grinding lower – Danske Bank

Pablo Piovano FXStreet

Arne Rasmussen, Chief Analyst at Danske Bank, now sees the Norwegian Krone picking up pace towards the 9.20 region in a 3-month horizon.

Key Quotes

“In terms of the NOK, we are slowly approaching the end of the summer period during which we have argued that EUR/NOK should be played as a range play”.

“As market liquidity normalises, we expect EUR/NOK to gradually move lower. We forecast EUR/NOK at 9.40 in 1M and 9.20 in 3M”.

Author

Pablo Piovano

FXStreet

Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.

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