As a follow up on our open EUR/NOK trade we like to emphasize that the market is headed lower confirming our projections. We sold the pair at 11.12 and still our open position is still benefiting from a rising Oil price with the EUR/NOK heading lower!
What is more, the interest rate announcement recently in Norway did not harm our position and the market is still underway to head even lower, which means that we would keep this trade open. After the typical retracement on Monday, we might see the pair heading down soon towards the 10.80 and subsequently 10.60 support area.
