forexTrdr

short EURNOK on continued poor EUR growth

Short
FX:EURNOK   Euro / Norwegian Krone
Trade we have had on for a while- continue to like short EURNOK on poor EUR growth and interest rate differentiation vs Norway. Highlighted two declining trendlines as well as Fibonacci support areas that we are currently trading around.

Head and shoulder pattern with right, declining leaning shoulder highlighted by the trendline.