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FX.co ★ Technical analysis of EUR/NOK

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Forex Analysis

5 August 2022 at 10:00AM (UTC+0)
iconRelevance until2 September 2022 at 9:05AM (UTC+0)

Technical analysis of EUR/NOK

EUR/NOK:

Technical analysis of EUR/NOK

The chart shows the movement of EUR/NOK (euro to Norwegian krone) in the daily (D1) chart.

This pair may be of interest to those who are ready to open orders for a long period in their trading strategy.

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Unlike classic currency pairs, EUR/NOK has increased volatility and large spread. It is currently forming a new trend, with support at 9.85 and estimated target at 10.53.

In the event of a breakdown, quotes will cease to grow.

Good luck!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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