EURNOK longterm daily/ monthly outlook

2017年8月8日

EURNOK was in an uptrend on the daily chart since February 2017. The trend reversed in July as the trendline was broken to the downside.
There are three support levels that can act as profit targets. While profit target 1 and 2 might be reached this year, profit target 3 lies outside of a wedge/ triangle that was formed by monthly candles since about end of 2014/ early 2015.
If price does not break through profit target 2, it is likely that price will go up to the upside of the wedge/ triangle.