Kumowizard

Where is the momentum?

Short
FX:EURNOK   Euro / Norwegian Krone
While the general setup still has somehow bullish bias, it seems EURNOK is struggling to re-gain a real momentum to the upside. My indicators seem to be topish.
There is also a weak bearish Tenkan/Kijun cross.
Please note how close the 6 years bullish trendline is.
Price is also below weekly Kijun.

Key supports: 9,7150 / 9,63 (+/-)

We open some small short with 9,8425 initial stop. Size up only if price proves and breaks below the key levels.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.