EUR/NOK may fall 645 - 915 pips

11.8220 is our pivot point.

Our preference

Eye 11.6890.

Alternative scenario

Above 11.8220, look for 11.8670 and 11.8940.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (11.7829) but above its 50 period moving average (11.7760).

Supports and resistances

11.8940 **

11.8670 *

11.8220 **

11.8040

11.7805 last

11.7160

11.6890 **

11.6620 *

11.6350 **

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