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Nordea: Go Short EUR/NOK

NOK

Nordea have recommended entering EUR/NOK shorts "as the current level is out of sync with fish, oil, and risk asset fundamentals. The fair value has dropped below NOK9.75, which makes a short-term EUR/NOK short position decent from a risk/reward perspective. We enter a short EUR/NOK position with a target of NOK9.82 and a tight stop/loss at NOK10.21."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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