FxWirePro: EUR/NOK hits fresh 10-month high at 9.8589 mark, stay bullish
EUR/NOK is currently trading at 9.8589 levels. It made intraday high at 9.8589 and low at 9.7998 levels. Intraday bias remains bullish for the moment. A sustained close below 9.8068 will test key supports at 9.7475, 9.70…
It made intraday high at 9.8589 and low at 9.7998 levels.
Intraday bias remains bullish for the moment.
A sustained close below 9.8068 will test key supports at 9.7475, 9.7080, 9.6748, 9.6666, 9.6408 and 9.6210 levels respectively.
On the other side, a consistent close above 9.8068 will take the parity higher towards key resistance around 9.8577, 9.8720, 9.8781, 9.8828, 9.9124 and 9.9392 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 around 9.8420, stop loss at 9.7998 and target of 9.8828.
