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.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.