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05.08.202212:00 Forex Analysis & Reviews: Technical analysis of EUR/NOK

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

EUR/NOK:

Exchange Rates 05.08.2022 analysis

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.

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!

Daniel Liderman
Analytical expert of InstaForex
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