JFD_Research

EURNOK - 240 - Wait until it gets out

FX_IDC:EURNOK   Euro / Norska kronan
Trade idea

EURNOK is now stuck between the levels (highlighted), so we have to wait until the pair breaks through one of them, before we could examine a further directional move. Of course, currently, the most likely scenario seems to be a more negative one, but until that key support at 0.6475 is broken, we cannot aim for further declines.

Please see the chart for levels and targets.

Don't forget your stop-loss.
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