InvestingScope
Long

EURNOK: Buy opportunity on 1D MACD.

FX_IDC:EURNOK   Euro / Norwegian Krone
The pair is trading within a long term 1M Channel Up ( RSI = 53.878, MACD = 0.135, ADX = 43.274, Highs/Lows = 0.0000) since Q4 of 2017. At the moment the price seems to have found Support around the 1D MA200 (orange line) and withi the 1D MACD making a bullish cross over, is expected to rise.

According to a similar fractal in January 2018, the High of that spike could be around the 0.618 Fibonacci retracement level. We place our Target at 10.0700.






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