Norway Kroner: bullish breakout after Norges Bank stated for intrerest rate to be unchanged

W1 price is continuing with bullish breakout after Norges Bank stated for intrerest rate to be unchanged. The price is above Ichimoku cloud and above 'reversal' Senkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. The price crossed 8.6000 psy level for the bullish breakout to be continuing with 8.6498 resistance level to be crossing on weekly bar.

If the price will break 8.0355 support level so the reversal from the primary bullish to the primary bearish market condition will be started with the secondary ranging: the price will be located inside Ichimoku cloud.
If the price will break 8.6498 resistance level from below to above so the primary bullish breakout will be continuing.
If not so the price will be ranging between the levels.

• Recommendation for long: watch close W1 price to break 8.6498 for possible buy trade
• Recommendation to go short: watch W1 price to break 8.0355 support level for possible sell trade
  
• Trading Summary: bullish breakout
  

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