Bearish momentum building?EUR/NOK is rising towards the pivot, which aligns with the 50% Fibonacci retracement and could reverse to the 1st support.
Pivot: 11.66459
1st Support: 11.54492
1st Resistance: 11.73724
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion o
About Euro / Norwegian Krone
The Euro vs. the Norwegian Krone. Changes in oil prices and interest rates are correlated to the value of the Norwegian Krone when compared to other currencies. In other words, rising oil prices and interest rates brings Krone strength relative to other currencies and vice versa.
Related currencies
Bearish drop off?EUR/NOK has reacted off the pivot which is a pullback resistance and could drop to the 1st support.
Pivot: 11.66459
1st Support: 11.56552
1st Resistance: 11.74535
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets
Bullish bounce off 50% Fibonacci support?EUR/NOK is falling towards the pivot which acts as an overlap support that lines up with the 50% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 11.62722
1st Support: 11.57989
1st Resistance: 11.75904
Disclaimer:
The above opinions given constitute general market commentary,
Bulls Spring-Loaded After Bears Exhausted at Key Support📍 To see my confluences and/or linework, step 1: grab chart, step 2: unhide Group 1 in object tree, step 3: hide and unhide specific confluences. 😊
🔥 EUR/NOK: Bulls Spring-Loaded After Bears Exhausted at Key Support
The Market Participant Battle:
Bears have been systematically beaten at the
Bullish reversal at key support?EUR/NOK is falling towards the pivot which acts as a pullback support that aligns with th 38.2% Fibonacci retracement and could bounce to the 1st resistance.
Pivot: 11.62545
1st Support: 11.56246
1st Resistance: 11.73259
Disclaimer:
The above opinions given constitute general market commentary,
Long EUR/NOKLong EUR/NOK
Recommend going long EUR/NOK:
Entry: 11.6
Target: 12.10
Stop: 11.49
Recent NOK strength looks exhausted as global risk appetite softens, Fed rate cut expectations appear overstretched, and seasonal/political uncertainties weigh on NOK. Rising yields linked to deficit concerns and over
Bullish reversal off pullback support?EUR/NOK is reacting off the pivot which acts as a pullback support that lines up with the 127.2% Fibonacci extension and could reverse to the 1st resistance which is a pullback resistance.
Pivot: 11.66379
1st Resistance: 11.75435
1st Support: 11.59697
Risk Warning:
Trading Forex and CFDs carries
Bearish continuation?EUR/NOK is reacting off the pivot which acts as a pullback resistance and could drop to the pullback support that lines up with the 78.6% Fibonacci projection.
Pivot: 11.76373
1st Support: 11.66458
1st Resistance: 11.85074
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your
Bearish drop?EUR/NOK has rejected off the pivot and could potentially drop to the 61.8% Fibonacci support.
Pivot: 11.94754
1st Support: 11.84493
1st Resistance: 11.98628
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lo
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURNOK is 11.604340 NOK — it has decreased by −0.49% in the past 24 hours. See more of EURNOK rate dynamics on the detailed chart.
The value of the EURNOK pair is quoted as 1 EUR per x NOK. For example, if the pair is trading at 1.50, it means it takes 1.5 NOK to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURNOK has the volatility rating of 0.29%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURNOK showed a −0.76% fall over the past week, the month change is a −1.26% fall, and over the last year it has decreased by −0.69%. Track live rate changes on the EURNOK chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURNOK right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURNOK technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURNOK shows the sell signal, and 1 month rating is neutral. See more of EURNOK technicals for a more comprehensive analysis.