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- EUR/NOK is currently trading at 9.7110 levels.
- It made intraday high at 9.7326 and low at 9.7085 levels.
- Intraday bias remains bearish for the moment.
- A sustained break below 9.7251 will test key supports at 9.7025, 9.6876, 9.6647, 9.6447, 9.6395 and 9.6011 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.7466/9.7867/9.8065/9.8438/9.8855 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart. We prefer to take short position on EUR/NOK around 9.7200, stop loss at 9.7466 and target of 9.6876.
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