EURNOK could unfold an extended up move on a break past 10.68/10.71 – SocGen
|EURNOK’s rebound have so far stalled near graphical levels of 10.68/10.71. A move beyond here would open up projections at 10.86 and 10.97, economists at Société Générale report.
Initial support aligns at 10.25
“Daily MACD is above its trigger and has entered positive territory denoting prevalence of upward momentum.”
“A retest of 10.68/10.71 is not ruled out. If a crossover materializes, EURNOK could unfold an extended up move towards 10.86 and projections of 10.97.”
“First support is at 10.25.”
See – EURNOK: Volatility will be the name of the game next year – ING
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.