EUR/NOK
The pair has failed to clear a potential resistance around 7,48 before a decline yesterday. This decline may extend toward 7,40 and 7,3550 (short etrm retracements) in the short term before a return to the recent lows. A break above 7,4770 would invalidate this scenario and would favor an extension of the recovery toward 7,5650 then 7,6250. Short – Stoploss @ 7,4805 – Target @ 7,28.
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Natixis