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romjpn

EURNOK hitting resistance.

Short
Euro / Norwegian Krone (OANDA:EURNOK)  
romjpn  
OANDA:EURNOK   Euro / Norwegian Krone
Chart Patterns Fundamental Analysis
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chartpattern fundamental
EURNOK looks like it has a good setup for a short after a bearish engulfing candle has shown up on the weekly chart. It could be a very good Swing/Position trade. Be careful of swaps and spread on this exotic pair. Better enter the trade during the EU session.
Fundamentals are neutral. Euro currently a bit up from ECB turning hawkish but NOK is supported by high oil prices.
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