The cross is trading almost unchanged on Friday after the unemployment rate in Norway came in unchanged in February at 3.2%. Analyst E.Blomgren at SEB comments that the downward trend should stabilize in the upcoming months and the employment growth would slower the pace after the a solid first quarter. At the moment, EUR/NOK is losing a meagre 0.02% at 7.5565, facing the next support at 7.5330 (low Apr.19) ahead of 7.5186 (low Apr.18) then the psychological level at 7.5000 and finally 7.3927 (low Mar.5).

On the upside, a break above 7.5990 (high Apr.27) would expose 7.6270 (high Apr.12) then 7.6480 (high Mar.30) and 7.6530 (high Mar.28).

(fxstreet)