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- EUR/NOK is currently trading at 9.5525 levels.
- It made intraday high at 9.5560 and low at 9.5422 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 9.5400 mark.
- A sustained close below 9.5400 will test key supports at 9.5260, 9.5085, 4725 and 9.4557 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.5590/9.5937/9.6200/9.6326/9.6548 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on EUR/NOK around 9.5500, stop loss at 9.5260 and target of 9.5937.
