justatrader
Short

EURNOK - My personal fav.

FX:EURNOK   Euro Fx/Norwegian Krone
I stumbled upon EURNOK             over some chance discussions with some members here couple of weeks ago. I took on a short position back then and ever since I kept adding to my positions. This pair also gives +ve rollovers for shorts.

This is the weekly chart, which validates the short positions.

A descending triangle and RSI divergence on the weekly charts. I don't think its too late to get in on this pair.

Today Norges bank had its MPC             and it kept interest rates unchanged. There is a bit of recovery, despite being slow. Eurozone... I don't have to say much. Perhaps today's ECB press conference will give clues. Look for selling opportunities on this pair.
Professional market analyst with a keen interest on futures. Love keeping an eye on the markets. Currencies, bonds, commodities. Combining technical analysis and the fundamentals. Contact me for more details.

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