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Having earlier topped out at Nok9.8198,....>

EURO-NOK
EURO-NOK: Having earlier topped out at Nok9.8198, we suggested the charting of a
bearish engulfing candle and overbought conditions on the 1% Bollinger band
could see a short-term reversal. EURNOK eased to Nok9.7822 and is seen
approaching support at Nok9.7800/20 which has registered a series of previous
lows. Below here opens the 38.2% retracement of the Apr-May rise at Nok9.7541,
ahead of the 100-dma at Nok9.7277.

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