| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇑ | ⇗ | ⇘ |
At the end of last week, the EUR/NOK currency pair reached the upper boundary of the medium-term descending channel at 9.7938.
Currently, the pair is still testing the given channel line. From a theoretical point of view, it is expected, that a reversal south could occur in the nearest future. Important support levels to look out for is the Fibonacci 23.60% and 38.20% retracements, located at 9.7112 and 9.6528 respectively.
However, if the given channel does not hold, it is likely, that a breakout north could occur within the following sessions. A possible upside target is the psychological level at 9.9500.