EUR/NOK may fall to 10.8000 - 11.0500

Pivot

11.6000

Our preference

Short positions below 11.6000 with targets at 11.0500 & 10.8000 in extension.

Alternative scenario

Above 11.6000 look for further upside with 11.8000 & 12.0000 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

12.0000 **

11.8000 **

11.6000 **

11.2700 Last

11.0500 **

10.8000 **

10.5000 **

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