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Showing posts with label Time to sell SEK and NOK. Show all posts
Showing posts with label Time to sell SEK and NOK. Show all posts

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.