EUR/NOK suffers from SMA junction

The bearish Offensive in the EUR/NOK is the result of a Crossover of the 50-SMA 200-SMA.

The Signal originated on the 4-hour chart and it signals a short-term weakening of the EUR/NOK structure. Conservative sellers will wait for a close below the recent support, there is a lower Deep is used as a confirmation. More aggressive traders wait on a test of the overlap zone in order to place their positions in the market.

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