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Friday, October 29, 2010

Time to sell the Nordic currencies

EUR/SEK has broken above the resistance line in the big falling wedge. First major target area is in the 997 - 1,010 area.

Ideally support in the 935-936 area will protect the downside.


EUR/NOK has broken above resistance at 815.22, which has opened up for a rally higher towards the 851-855 area.

Ideally support in the 815 area will now proctect the downside, but a deeper set-back down to the 805 - 805.65 area can't be excluded.

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