The post EUR/NOK fails to hold breakout – Societe Generale appeared on BitcoinEthereumNews.com.

EUR/NOK’s recent breakout attempt above 12.05 was short-lived, as strong resistance pushed the pair back into its consolidation range. Key support at 11.68 now becomes critical for the near-term outlook, Societe Generale’s FX analysts report. Key support at 11.68 in focus “EUR/NOK attempted a breakout from its multiyear range (above 12.05) recently but has quickly retracted after facing strong resistance at 12.21. Re-integration within previous consolidation denotes lack of upward momentum.” “The low achieved earlier this week at 11.68 is crucial support. In case this is breached, EUR/NOK could embark on a deeper pullback. The pair must establish itself beyond 12.05 to denote next leg of uptrend.” Source: https://www.fxstreet.com/news/eur-nok-fails-to-hold-breakout-societe-generale-202504101113

---

Filed under: News - @ April 10, 2025 12:19 pm