InvestingScope
Long

EURNOK: Buy opportunity on the Rising Wedge.

FX_IDC:EURNOK   Euro / Norwegian Krone
The pair is trading within a 1W Rising Wedge ( RSI = 59.298, MACD = 0.080, Highs/Lows = 0.0000). Yesterday not only it made contact with the Higher Low trend line , but also touched the 1D MA50 (blue line). This indicates that the price has more probabilities to rebound towards a new Higher High. Our Target Zone is 10.400 - 10.500.





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