Forex: EUR/NOK upside capped at 7.3550

FXstreet.com (Barcelona) - The Norwegian krone lost some ground against the bloc currency on Tuesday, after the economic activity in Norway (mainland) during the third quarter rose 0.7%, slightly lower than the previous print at +0.8%. No big movements followed in the cross afterwards, as the buoyancy surrounding the euro is eclipsing the strength observed in NOK, thus netting almost no variations in EURNOK.

At the moment, the pair is posting marginal losses at 7.3498 or 0.01% facing the next support at 7.3398 (MA14d) followed by 7.3386 (high Nov.13) and then 7.2895 (low Nov.9).
On the other hand, a break above 7.3770 (MA30d) would aim to 7.3870 (50% 7.4846-7.2895) and then 7.4710 (high Oct.29).