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Skilling
Feb 23, 2023 8:43 AM

EUR/NOK can the trend hold?  Long

Euro vs Norwegian KroneSKILLING

Description

Commentary

EUR/NOK multi-week higher tops and higher bottoms on price indicate a dow pattern uptrend; provided price can hold above the 10.9 key support the potential for a continuation of the prevailing uptrend remains for a move towards 11.05 in the short term (5-13 days), otherwise if price fails to hold above the 10.9 key support then scope for a price correction lower can not be ruled out.

Not investment advice. Past performance is not indicative of future results.
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