Fri, 16 Dec 2016 09:27:28 GMT
EUR/NOK 30M Chart: Rising Wedge
EUR/NOK corrected the weekly highs it was attempting with a rising wedge pattern, suggesting that a downfall might follow. The rate has just exited the pattern to the downside and is currently attempting the 20-period SMA at 9.0335. More risk is located at 9.0252 and then 9.0204/0190 and we will most likely look for the levels to crumble, following a