Market Snapshots

EURNOK Wave Analysis – 19 December , 2018

EURNOK Wave Analysis – 19 December , 2018
  • EURNOK rising inside sharp impulse wave (3)
  • Further gains are likely

EURNOK rose sharply in the last few trading sessions – breaking through the two successive powerful resistance levels – 9.8750 (monthly high from February) and 9.800 (monthly high from September).

The breakout of these resistance levels strengthened the bullish pressure on EURNOK – which accelerated the active medium-term impulse wave (3) from the start of December.

“EURNOK is expected to rise further and re-test the next round resistance level 10.00 (target price for the completion of the active impulse wave (3))” – the FxPro analyst commented.

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