Continuum Economics·2 min read·hard
Chart EUR/NOK Update: Poised to extend late-June losses
M
Mike Macdonald
✦AI Summary
The EUR/NOK currency pair is experiencing a steady decline toward support levels near 10.8000. Technical indicators suggest further downward pressure, with potential for a break toward 10.7500 if current support fails.
Why it matters
Currency fluctuations impact international trade costs and investment strategies for firms operating in the Eurozone and Norway.
Cautious trade has given way to a steady drift lower to support at 10.8000
businesseconomy
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