Kumowizard
Short

Tilt to the downside after better regional survey data

FX:EURNOK   Euro Fx/Norwegian Krone
33 0 5
Weekly - No change:
- neutral, with bearih bias ahead
- for H&S validations mkt should clear and close below 9,20

Daily:
- consolidation below Kijun Sen. Lower high. Kijun holds nicely.
- haDelta crosses below its SMA3, haOscillator may turn down
- EWO             is bearish

I still prefer overweight NOK             in portfolios, as this ccy has the best relative value in G10. I just increased shorts.
They have serious pick up in inflation , macro datas recently beat, just like the Regional Survey today! Country virtually has no debt, rating is "AAA" (and it is a real AAA :-) , and instead of consuming their future, they invest into their future!
Carry of short EURNOK             position is small positive too.
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