Currency pair analysis: EUR/NOK

EUR/NOK

The overall trend is downward. The currency pair trades in the range of 365 and 135 moving averages. The ascending wave pattern of the H2 level is truncated. The Awesome Oscillator shows a bearish divergence. A “start fractal” was formed under the 135 moving average, followed by a “signal fractal” in the 365 EMA range. The breakout of the "start fractal" will result in the formation of a descending wave pattern.

EUR/NOK rate online: monitor the price movement in real time.

Trading idea:

Sell at the breaking of the 9.736 level

Stop Loss: below the local minimum: 9.795.

Target levels: 9.668; 9.610.