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KBM_
Sep 2, 2023 10:12 AM

EUR/NOK Looks bearish Short

Euro Fx/Norwegian KroneFXCM

Description

It is loosing its bullish strength and starts to look a little weak. EUR/NOK looks to be in a long term downtrend on the 4hr timeframe, which further confluence the heavy resistance it has right above. This also gives a clear area of demand waiting for it below to catch up a healthy trend.
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