| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The EUR/NOK currency pair continued to trade downwards within the medium-term descending channel.
From a theoretical point of view, it is likely that some downside potential could prevail in the market, as the exchange rate could continue to trade within the given channel. In this case the rate could gain support from the Fibo 61.80% at 10.40.
If the given support holds, it is likely that a breakout north could occur, and the currency pair could target the Fibo 50.00% at 10.90.