| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇗ |
The EUR/NOK currency pair has been trading within a falling wedge pattern since the end of April.
From a theoretical point of view, it is likely that the exchange rate could breach the given pattern north within the following trading sessions. In this case the rate could face the resistance level—the Fibo 38.20% at 11.39.
Meanwhile, note that the currency pair is pressured by the 100– and 200-hour moving averages. Thus, some downside potential could prevail in the market, and the pair could gain support from the Fibo 61.80% at 10.40.