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EUR/NOK currency pair analysis

15.07.2022

Market Review


The descendant wave structures are truncated. Pivot 2 of the main descendant structure is breached. The support level of 10.233 restrains sellers. Awesome Oscillator indicates triple bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when the ascendant wave structure forms.

Stop-loss is under support level 10.233.

Target levels: 10.320; 10.365.

Author: GC
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