- Bearish Probability would retrace to 6,01(Daily pivot confluence with Uptrendline), break it and go further to 5,9869(confluence between Weekly Pivot and 100SMA), or even 5,9338-5,90Area(200SMA, Weekly S1, Monthly Pivot, 61,8 fibonacci). This Key area holds the uptrend on 4H chart.
- Bullish Action without an important retracement would break weekly R1 and reach 6,106(Monthly R1), further 6,1376(Weekly R2) or even 6,2352(confluence between Monthly R2 and weekly R3).
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USD/NOK,Weekly View(16-20.01),4Hours Chart-
Price has found Resistence at 6,0845(Weekly R1).
- Bearish Probability would retrace to 6,01(Daily pivot confluence with Uptrendline), break it and go further to 5,9869(confluence between Weekly Pivot and 100SMA), or even 5,9338-5,90Area(200SMA, Weekly S1, Monthly Pivot, 61,8 fibonacci). This Key area holds the uptrend on 4H chart.
- Bullish Action without an important retracement would break weekly R1 and reach 6,106(Monthly R1), further 6,1376(Weekly R2) or even 6,2352(confluence between Monthly R2 and weekly R3).