- 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.
