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EUR/NOK carves interim low at 11.53 – Société Générale

EUR/NOK is consolidating between 11.53 and 11.83, showing no clear directional bias after stalling near September’s low, Société Générale's FX analysts note.

Decline stalls amid sideways moves

"EUR/NOK has carved out an interim low near 11.53 in September. The decline has stalled however signals of an extended bounce are not yet visible. Crisscross moves around the 200-DMA highlight a lack of clear direction."

"The pair may evolve within a range defined by limits at 11.53 and recent pivot high of 11.83. A break beyond one of these bands will be crucial for confirming a directional move."

EUR/USD: Likely to trade between 1.1475 and 1.1525 – UOB Group

Tentatively slowing downward momentum and oversold conditions suggest consolidation in EUR, likely between 1.1475 and 1.1525. In the longer run, EUR is expected to weaken further; the next level to watch is 1.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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GBP/USD: Likely to continue to trade in a range – UOB Group

Slowing downward momentum suggests Pound Sterling (GBP) is likely to continue to trade in a range, expected to be between 1.3030 and 1.3090. In the longer run, GBP is still negative, but further downside may be limited.
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