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- EUR/NOK is currently trading at 9.7380 levels.
- It made intraday high at 9.7443 and low at 9.7159 levels.
- Intraday bias remains slightly bullish for the moment.
- A sustained close below 9.7475 will test key supports at 9.7080, 9.6748, 9.6666, 9.6408 and 9.6210 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.7685, 9.7828, 9.7890, 9.8042 and 9.8217 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 long position on EUR/NOK only above 9.7570, stop loss at 9.7018 and target of 9.8042.
