EUR/NOK hovers above key support at 9.3862, intraday bias remains neutral

• Pair is currently trading at 9.3919 levels.
  
  
• It made intraday high at 9.4018 and low at 9.3865 levels.
  
  
• Intraday bias remains neutral till the time pair holds key support levels at 9.3862 marks.
  
  
• A daily close below key support levels will drag the parity towards 9.16 marks.
  
  
• Alternatively, reversal from key support levels will take the parity back above 9.50 marks.
  
  
• Initial support levels are seen at 9.3896, 9.3862 and 9.3759 levels.
  
  
• On the other side, key resistance levels are seen at 9.4018, 9.4440 and 9.5213 marks.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.