The Euro has been depreciating gradually against the Norwegian Krone since the end of August when the EUR/NOK currency pair reversed south from the upper boundary of the rising wedge pattern at 10.09.
![EUR/NOK 1H Chart: Two scenarios likely](https://www.dukascopy.com/fxspider/image/get/imagename/2_nbo_TRADE_PATTERN_IDEAS.jpg)
The Euro has been depreciating gradually against the Norwegian Krone since the end of August when the EUR/NOK currency pair reversed south from the upper boundary of the rising wedge pattern at 10.09.
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