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- 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, 9.7080, 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.
