EURNOK has fallen to great support just above 9,20 area, including horizontal support and a long trendline since the bottom since april/may this year.
For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound.
Long trade setup:
Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
For now, we might have seen a whipsaw of possible longs, as the price was below trend support. If the price manage to go above the trend and close higher than current level, we might see a possible rebound.
Long trade setup:
Entry around 9,23-9,25. Stop if we close below 9,21 on a daily basis. target is set to 9,40.
