KBM_

EUR/NOK Looks bearish

Short
FX:EURNOK   Euro / Norwegian Krone
It is loosing its bullish strength and starts to look a little weak. EUR/NOK looks to be in a long term downtrend on the 4hr timeframe, which further confluence the heavy resistance it has right above. This also gives a clear area of demand waiting for it below to catch up a healthy trend.

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