Thu, 24 Jul 2014 06:33:38 GMT
EUR/NOK 1H Chart: Channel Down
The Euro has been losing ground against the Norwegian Krone for around a week. While moving in the southern direction, EUR/NOK shaped a 141-bar long channel down pattern, inside which it is trading now and is likely to remain the foreseeable future. This is propped up by a strong bearish bias on the SWFX – over 90% of market