Kumowizard

Tilt to the downside after better regional survey data

Short
FX:EURNOK   Euro / Couronne Norvégienne
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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