FX:EURNOK Euro Fx/Norwegian Krone
Potential continuation of long term uptrend following bounce off ascending channel support strengthened by 2009 and Jul-2015 resistances. Uptrend confirmed by price and 50 MA both above 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.