EUR/NOK: Break below 11.09 can extend the phase of decline – SocGen EURNOK Technical Analysis Banks
Retracement can quicken on break below 11.09
Failure to reclaim 11.48 could mean persistence in downtrend. A break below 11.09 can extend the phase of decline towards 10.93 and perhaps even towards 10.77/10.70, the 50% retracement from 2022.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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