During yesterday’s trading session EUR/NOK traded within the range of 8.3111-8.3866 and closed at 8.3597.
At 6:05 GMT today EUR/NOK was gaining 0.11% for the day to trade at 8.3653. The pair touched a daily high at 8.3678 at 6:03 GMT.
Fundamental view
The rate of unemployment in Norway probably came in at 3.4% during the three months through May, according to the median forecast by experts. Lower than expected unemployment would certainly provide a boost to Norwegian krone. Statistics Norway will release the official rate at 9:00 GMT.
Technical view
According to Binary Tribune’s daily analysis, in case EUR/NOK manages to breach the first resistance level at 8.3939, it will probably continue up to test 8.4280. In case the second key resistance is broken, the pair will probably attempt to advance to 8.4693.
If EUR/NOK manages to breach the first key support at 8.3178, it will probably continue to slide and test 8.2770. With this second key support broken, the movement to the downside will probably continue to 8.2428.
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