EUR/NOK may rise to 12.3000 - 12.7000

Pivot

11.2000

Our preference

Long positions above 11.2000 with targets at 12.3000 & 12.7000 in extension.

Alternative scenario

Below 11.2000 look for further downside with 10.7000 & 10.3000 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

13.0000 **

12.7000 **

12.3000 **

11.8310 Last

11.2000 **

10.7000 **

10.3000 **

Number of asterisks represents the strength of support and resistance levels.