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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 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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