InvestingScope

EURNOK: Buy opportunity on the Rising Wedge.

Largo
FX_IDC:EURNOK   Euro/Corona noruega
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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