This article was first published on Tradeciety Trading Academy.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

The EURNOK has completed a Donchian shift from the lower to the upper channel.

The price is breaking out of the 9.81 resistance as well as of typing this. However, the breakout will only be confirmed with a successful close outside of the level.

The 150 SMA is waiting for the price just a few points higher.

If the breakout succeeds and if the price can stick to the outer Donchian channel, we might see the origin of a new trend emerging.

Still a while to go for the potential breakout and if the price turns around, we might face a range bound market for a while. The EUR is not particularly strong as of now either.

More: What is the Donchian channel?

The post Donchian channel shift EURNOK appeared first on Tradeciety Trading Academy.

To keep reading this article, please navigate to: Tradeciety Trading Academy.

Tagged on: