EUR/NOK
The pair has failed to clear a short term resistance at 7.3950 yesterday ahead of a correction. A test of the key short term support at 7.3415 is likely in the short term. Its break would trigger a bearish signal with targets at 7.2505 (August low) and possibly the 7.22 area (long term support). Breaks above 7.37 and 7.3950 would instead invalidate this scenario. Sell – Stoploss @ 7.3960 – Target @ 7.2510.
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