Kumowizard
Short

EURNOK - Looks good until 8,40-8,45, hold shorts

FX:EURNOK   Euro Fx/Norwegian Krone
33 0 1
Weekly:
- Short looks good until trades below Kijun Sen and Senkou B
- Heiken Ashi supports further bearish move
- weekly trend and horizontal support is between 8,40-8,45

Daily:
- Bearish Ichimoku setup, Tenkan and Senkou A lines pointing down.
- Heiken Ashi turns bearish again with haDelta back below SMA3 and zero line
- With next wave down watch Oscillator changing bias to bearish
- good chance first resistance ard             8,70 will be cleared in coming days
- next resistance (also our short term bearish tgt             ) is ard             8,45

Things that could support it fundamentally further: more correction in Oil             (would be even better together with some USD correction) and more EUR weakness on back of ECB QE spreading to other crosses than only EURUSD             .

Hold shorts! We'll talk about it again around 8,45.
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