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FxWirePro: EUR/NOK fails to fall below 9.2127, good to buy on dips

EUR/NOK is currently trading at 9.2470 levels. It made intraday high at 9.2653 and low at 9.2121 levels. Intraday bias remains bullish till the time pair holds key support level at 9.2127. Alternatively, a sustained brea…

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FxWirePro: EUR/NOK fails to fall below 9.2127, good to buy on dips
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  • EUR/NOK is currently trading at 9.2470 levels.
     
  • It made intraday high at 9.2653 and low at 9.2121 levels.
     
  • Intraday bias remains bullish till the time pair holds key support level at 9.2127.
     
  • Alternatively, a sustained break below key support targets next level at 9.2050 levels.
     
  • On the other side, reversal from key support will take the parity higher towards 9.3491 marks.

    We prefer to take long position in EUR/NOK above 9.24, stop loss 9.2121 and target 9.2878 levels.

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