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EUR/NOK intraday outlook

Pair is currently trading at 9.5060 levels. It made intraday high at 9.5066 and low at 9.4732 levels. Intraday bias remains bullish till the time pair holds key support level at 9.4451 levels. Alternatively, a daily clos…

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EUR/NOK intraday outlook
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  • Pair is currently trading at 9.5060 levels.
     
  • It made intraday high at 9.5066 and low at 9.4732 levels.
     
  • Intraday bias remains bullish till the time pair holds key support level at 9.4451 levels.
     
  • Alternatively, a daily close below key support level will take the parity towards 9.37 and 9.14 levels thereafter.
     
  • Later today, a number of indicators from Euro zone and Norway will provide further directions to the parity.

We prefer to take long position in EUR/NOK around 9.50, stop loss 9.4451 and target 9.56/ 9.68 thereafter.

 

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