Friday, October 16, 2026

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EUR/NOK looks set for another run at Fibo after last weeks Doji

EUR closed above daily trend resistance on Thurs, 8.4380 off Apr 7 high EUR/NOK 21DMA just sitting above market at 8.5110, 200DMA close by at 8.5442 Pair looks set for another run at that Fibo after last weeks Doji Poten…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • EUR closed above daily trend resistance on Thurs, 8.4380 off Apr 7 high

  • EUR/NOK 21DMA just sitting above market at 8.5110, 200DMA close by at 8.5442

  • Pair looks set for another run at that Fibo after last weeks Doji

  • Potential for a weekly hammer/bullish engulfing line

  • Interestingly the 50% of the 8.7654-8.3230 also comes at 8.5442

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By FxWirePro Team