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As Brent futures reverse the gains they made....>

NOK
NOK: As Brent futures reverse the gains they made towards the end of last week,
the Norwegian krone has come under pressure.
- EURNOK is at its highest level since Sep 11 and close to approaching the 50%
retracement of Dec 2017 highs to July 2018 lows which comes in at 9.6903. A
break above here would open up a move to the September highs just above 9.80.
- NOKSEK has also broken lower, falling through the 1.0650 support seen over the
last week and approaching the April 10 low of 1.0616. A break below here could
see the 50% YTD retracement at 1.0533 challenged.

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