FxWirePro: EUR/NOK hits fresh 13-month low at 9.0877 after Norges bank rate decision; stay bearish
EUR/NOK is currently trading at 9.1096 levels. It made intraday high at 9.1179 and low at 9.1070 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.1475 marks. A sustained break below 9.08…
It made intraday high at 9.1179 and low at 9.1070 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.1475 marks.
A sustained break below 9.0877 will test key supports at 9.0676, 9.0382 and 9.0143 levels respectively.
On the other side, reversal from key support will take the parity higher towards 9.1475/9.1685/9.1956/9.2345/9.2630/9.2878/9.3491 marks.
Yesterday Norway’s Central bank kept key policy rate unchanged at 0.50 percent. We prefer to go short on EUR/NOK around 9.1120 with stop loss at 9.1475 and target of 9.0877/9.0676.
