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- EUR/NOK is currently trading at 9.5760 levels.
- It made intraday high at 9.5787 and low at 9.5610 levels.
- Intraday bias remains neutral for the moment.
- A sustained close below 9.5652 will test key supports at 9.5420, 9.5170 and 9.4725 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.6057/9.6200/9.6326/9.6548 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on EUR/NOK only above 9.6057, stop loss at 9.5412 and target of 9.6548.
