- EUR/NOK is currently trading at 8.9517 levels.
- It made intraday high at 8.9888 and low at 8.9466 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 9.0461 marks.
- A sustained close below 8.9297 will test key supports at 9.9204, 9.9178, 8.8801 and 8.8304 levels respectively.
- On the other side, reversal from key support will take the parity higher towards 9.0461/9.0780/9.1463/9.1685 marks respectively.
- Norway will release core retail sales data at 0600 GMT.
We prefer to go short on EUR/NOK around 8.94 with stop loss at 8.9725 and target of 8.9178/8.8801.
