| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Buy | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇒ | ⇘ | ⇗ |
The Euro has been depreciating against the Norwegian Krone since last Tuesday after the EUR/NOK currency pair failed to exceed the 10.20 level.
Note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 10.09/10.14 area. Thus, it is likely that some downside potential could continue to prevail in the market.
The currency pair could reach the support level formed by the Fibonacci 23.605 retracement at 9.94. If the given level holds, a reversal north could follow. Otherwise, the pair could surpass the psychological level at 9.85.