| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Buy | Neutral | Buy |
| 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 the end of December when the pair reversed from the upper boundary of medium-term ascending channel at 10.05.
Given that the exchange rate is being pressured by the 55-, 100– and 200-hour SMAs, it is expected that general direction remains south. It is likely that the currency pair targets the lower channel line located in the 9.65/9.67 range.
If given channel holds, a reversal north occurs within following sessions. Potential upside target is the Fibonacci 0.00% retracement at 9.8056.