And finally, the price action of a ccy is the most important thing!
- Possible long term is still in play, until Price holds below Kijun Sen (9,45)
- We have enterred the 12th week of sideaway consolidation. Sooner or later market will have t make a breakout from the 9,20 - 9,45 range
- EWO is close to zero
Earlier post on the link below.
- is neutral, woth lot of mixed signals. Hard to follow alone, as the pair is clearly trading in a range.
- Heikin-Ashi candle and haDelta possibly signals a refusal of Kijun and range top again. As also ECB meeting is getting close, EURNOk can target 9,20+ again.
- EWO around zero.
I still like to keep 7-10 % of my overall portfolio in NOK . Yeah, I see the Oil is turning down again, but on the other hand there are a lot of positive arguments wh one should invest into the ccy of a real AAA rated, very innovative and liberal country, which has no debt at all! NOK has been a huge underperfomer in G10 for the last 3 years. Things tend to change at some point.