gwizzle
Long

Potential Continuation of Long Term Uptrend

FX:EURNOK   Euro Fx/Norwegian Krone
103 0 0
Potential continuation of long term uptrend following bounce off ascending channel support strengthened by 2009 and Jul-2015 resistances. Uptrend confirmed by bullish price and 50 MA both above bullish 200 MA. Potential trade following break of Jan-2015 resistance beyond circa 9.3000 up to target of 2009 resistance circa 9.7200. Potential 4.5% gains at a 1:2 risk to reward ratio.
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