| Indicator | 4H | 1D | 1W |
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/NOK exchange rate has been testing the resistance level formed by the Fibonacci 0.00% retracement since the beginning of 2019.
Currently, the pair is testing the lower boundary of the long-term ascending channel at 9.7259. From a theoretical perspective, it is expected that a reversal north occurs in the nearest future. And the rate re-tests given resistance level.
However, given that the rate is being pressured by the 55-, 100– and 200-hour SMAs, it is likely that a breakout south occurs within following sessions. A possible downside target is the Fibonacci 38.20% at 9.5628.