Forex: EUR/NOK remains around 7.4400 after Norway data

FXstreet.com (Barcelona) - The Norwegian krone has appreciated a little after the unemployment rate in the Nordic economy ticked higher to 3.5% during November, from 3.2% in the prior month, although the broader intraday tone remains bullish for the pair.

Erica Blomgren, FI Strategist at SEB, commented that the raise in the jobless rate obeyed to an increase in the labour force. She also remarked that the employment is lower after the strong growth during the first half of 2012

At the moment, the pair is up 0.30% at 7.4377 facing the next resistance at 7.4770 (high Jan.18) ahead of 7.4846 (high oct.26) and finally 7.4995 (high Sep.18).
On the flip side, a breach of 7.4195 (MA14d) would expose 7.3955 (low Jan.17) and 7.3815 (MA30d).