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FxWirePro -Major European Indices

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

Friday, May 1, 2015 1:17 PM UTC

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

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