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

Relevance up to 05:00 UTC--4

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!

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

Andrey Grishaev,
Analytical expert of InstaForex
© 2007-2022
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