UBS recently shared a Forex Strategy recommending selling ‘upside’ positions in the Euro against the Norwegian Krone (EUR/NOK) and the Swedish Krona (EUR/SEK). This strategy emphasizes a tactical approach for traders seeking optimal entry points based on the current market outlook. Analysts at UBS believe that potential appreciation of the Euro against these currencies is limited, prompting them to suggest a sell-side strategy. The rationale behind this recommendation lies in identifying where risk/reward might not be favorable for simply betting on higher prices. By selling upside positions, traders can potentially collect premiums (if utilizing options) or avoid losses if the pairs decline. This positioning allows them to buy these currencies at potentially lower and more advantageous levels later. 2023 has witnessed a notable shift in market sentiment as analysts now focus less on price appreciation and more on identifying potential dips for long positions, leading to a tactical approach.