( Sumptuous Capital: Blog )

I have a small position open short EURUSD at avg 1.21331 , which was set at an extremely bad timing before we had a spike in EURUSD around 11:00 GMT. The spike brought us to my 38.20 fib level around 1.2190. Where are we heading next? will I get to close the short below the

We’re getting increasingly worried about a reversal in risk aversion and close out our EURNOK short (click image for full size)

The Norwegian Krone has been sold on increased risk aversion as well as a selloff in comodities (rather oil dependant currency) . Also international investors to a great extent fail to distinguish between the Swedish Krone and the Norwegian krone. This has hit the NOK lately due to the swedish exposure to the baltic countries,