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Follow usBy Joel Kruger, technical strategist June 07, 2012 05: 16 GMT
Eur/Sek, we continue significant project to this rate of cross and see the sculpture of base material market which will open in the end moves possibly 9.75 area in the coming months. A major double bottom now appears to be carved by the region of 8.75 and a break above the neckline 9.35 also confirm our optimistic Outlook.
USD/Nok last break back above 6.10 opens the door to the cost back in the coming weeks, with the market seen extending to the next resistance key by place additional 6.30. Any setback must now be very well supported in the area of 5.90.
EUR/NokLooks to be finally attempts to establish some form of base after have offered very well in recent weeks. The last break back above 7.60 confirms prospects and we are now waiting to see an acceleration of the earnings of 7.65 in the coming days.-Written by Joel Kruger, technical currency strategist
To contact Joel Kruger, E-mail jskruger@dailyfx.com. Follow me on Twitter @ JoelKrugerTo be added to the list of distribution of Joel Kruger, send an email with the subject "Distribution list" line to jskruger@dailyfx.com
DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
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