Since the recent high of 8.60, we have now a set of lower high and lower low. The pair is now testing earlier floor (support) as resistance. If we manage to turn down from current levels (8.42+), we should retest the recent lows around 8.33.
In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46 and target 8.33 and below (can trail from these levels).
In that matter, we should have a nice risk/reward for a short-setup in USDNOK. Short from 8.41-8.44 which stop above 8.46 and target 8.33 and below (can trail from these levels).
