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TECHS: has extended its decline with.......>

EURO-NOK
EURO-NOK: TECHS: has extended its decline with sharp losses so far today. The
cross has cleared support at 10.0264, Nov 15 low paving the way for a move
towards 0.9372 next, 76.4% retracement of the rally between Sep 19 and Oct 29. A
break of this level would expose 9.9082 and the 9.9000 handle. Resistance is at
10.0138, Dec 16 low. Note, in terms of support, there is a channel base that
intersects at 9.9341 today and could provide some initial firm support on the
way down. The channel is drawn off the Oct 29 high.

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