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EUR/NOK hovers around 9.40 mark, likely to buy on dips

Pair is currently trading at 9.4000 levels. It made intraday high at 9.4355 and low at 9.3786 levels. Intraday bias remains bullish till the time pair holds key support level at 9.3786. A daily close below key support le…

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EUR/NOK hovers around 9.40 mark, likely to buy on dips
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  • Pair is currently trading at 9.4000 levels. 
     
  • It made intraday high at 9.4355 and low at 9.3786 levels. 
     
  • Intraday bias remains bullish till the time pair holds key support level at 9.3786.
     
  • A daily close below key support level will turn bias bearish and drag the parity around 9.1558 marks.
     
  • Alternatively, a break of 9.4656 is required to confirm the bullish trend.

We prefer to take long position in EUR/NOK around 9.40, stop loss 9.3786 and target 9.6185 levels.

 

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