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FUNDAMENTAL ANALYSIS

EUR/NOK - We’ll be just like Norway!

EUR, NOK, We, Just, Like, Norway, Fundamental Analysis, fx trader, forex

27 Jul 2016

“Oh, if we leave the EU” they all said “we’ll be fine. After all, Norway’s not in the EU and it’s fine. We’ll be just like Norway!”

Well enough about Utpoias (Utopiae?). What’s more interesting is a recent move in the EUR/NOK pair that’s taken it out above a falling trend line and its 200-day moving average. The coming few days will serve to confirm this as either a breakout or a fakeout, with three prior attempts to better the 200-day moving average having failed.

 EUR, NOK, We, Just, Like, Norway, Fundamental Analysis, fx trader, forex

EUR/NOK Daily chart

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