Forex: EUR/NOK above 7.6300 after Norway data

FXstreet.com (Barcelona) - The Norwegian krone is losing ground against the single currency on Tuesday after mixed results from the Nordic economy. In fact, retail sales rose 0.2% during March from 0.5% in the previous month and contracted 3.5% over the last twelve months. In another direction, the unemployment rate fell to 3.5% during February, bettering forecasts and January’s print at 3.6%.

At the moment, the pair is up 0.20% at 7.6308 with the next resistance at 7.7025 (high Apr.24) ahead of 7.7150 (high Jan.18) and finally 7.7209 (high Jan.13).
On the flip side, a breakdown of 7.5985 (low Apr.29) would bring 7.5702 (50% 7.4380-7.7024) and then 7.5695 (MA100w).