EUR/NOK may rise to 12.0000 - 12.1500

Pivot

11.5500

Our preference

Long positions above 11.5500 with targets at 12.0000 & 12.1500 in extension.

Alternative scenario

Below 11.5500 look for further downside with 11.4000 & 11.2500 as targets.

Comment

The RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances

12.3640

12.1500

12.0000

11.8123 Last

11.5500

11.4000

11.2500

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