We see that price has potentially formed an inverted head and shoulder pattern , with price now approaching the neckline of the pattern we could potentially see a break and retest of the neckline for the chance to go long .From the fundamentals ,NORWAY CENTRAL BANK has decided as of 22/6/2023 to raise interest rates 3.75% beating the markets expectations of 3.5% hence further confluence for the pair
Related publications
Disclaimer
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.