EUR/NOK may rise to 11.7380 - 11.8800

11.2400 is our pivot point.

Our preference

Rebound towards 11.8800.

Alternative scenario

Below 11.2400, expect 11.0030 and 10.8620.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 11.4893 and 11.6121).

Supports and resistances

12.1630 **

12.0210 *

11.8800 **

11.7380

11.4537 last

11.3340

11.2400 **

11.0030 *

10.8620 **

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