Published on: 5/18/2011 by Nigel B. 1 years 2 days ago
![image_thumb[1]](http://www.alltraderz.com/Portals/0/digmeta/1/Windows-Live-Writer/05-18-2011-A-cross-rate-that-is-channeli_D9AE/image_thumb%5B1%5D_thumb.png "image_thumb[1]")
The EURO-NOK cross-rate is in a nice horizontal channel – looks like it’s ready to move back to the bottom of it’s range. If taking a short position, stop at the prior swing high around 7.9500 even. The bigger picture trade will be when this moves out of it’s channel – should lead to a very nice move!