Tue, 28 Feb 2017 12:43:21 GMT
EUR/NOK 4H Chart: Channel Up
Although the title states that there is an ascending channel pattern, which guides the currency exchange rate, the common European currency is showing signs of an upcoming depreciation against the Norwegian Krona. The reason for that is that the pair has hit the upper trend line of the most dominant descending channel pattern. Due to that the medium term channel