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EUR extending gains versus the Dollar

EUR
  • EUR extends gains against CNH and the Dollar, but the Currency is still mixed in G10s.
  • No surprises in seeing the NOK as the best performer following the surprised Norges Bank hike, EURNOK is down 1.96%, but off its worst earlier levels.
  • The Dollar is the worst performer versus the EUR, now down half a percent.
  • Immediate resistance in EURUSD is at 1.0948 76.4% retracement of the Nov 29 - Dec 8 downleg.

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