ACROFX
Short

Possible short-setup in EURNOK

FX:EURNOK   Euro Fx/Norwegian Krone
12 0 0
We have a negative divergence between RSI and price, as price has gone up, we have a lower high RSI . This should support that recent move is a bit extended. Furthermore, we have also reached .0764 FIB from 2014 highs, which also supports a break and a pause in the current uptrend.

In that matter, we do find a counter-short position from current level should offer a good risk/reward.
TP: 9.30 and stop if the price closes above 9.65 on daily basis.
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