Kumowizard

TP on half of shorts. Look for sell signal at 9,38-9,40

FX:EURNOK   Euro Fx/Norwegian Krone
33 0 5
As goes the Oil             .... goes the NOK             (more or less).

- Daily trend is bearish , and Weekly HA structure also suggests the pair has chance to continue lower towards 9,03-9,09.
- However short term I see wave exhaustion signal on daily: haDelta/SMA3 already signalled yesterday minor momentum drop. Today candle confirms start of consolidation/pull back above 9,25 resistance. Candle has both upper and lower wicks, haDelta moved more up.
- I recommend to take profit on half of short positions. Doha w/e, and as I wrote yesterday, WTI and Brent oil             started a pull back too.
- Bearish support is 9,38-9,41 area, looking to re-sell there.

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