FxWirePro: EUR/NOK hovers around 9.5500 mark, bias remains slightly bullish
EUR/NOK is currently trading at 9.5525 levels. It made intraday high at 9.5560 and low at 9.5422 levels. Intraday bias remains slightly bullish till the time pair holds key support at 9.5400 mark. A sustained close below…
It made intraday high at 9.5560 and low at 9.5422 levels.
Intraday bias remains slightly bullish till the time pair holds key support at 9.5400 mark.
A sustained close below 9.5400 will test key supports at 9.5260, 9.5085, 4725 and 9.4557 levels respectively.
On the other side, reversal from key support will take the parity higher towards key resistance around 9.5590/9.5937/9.6200/9.6326/9.6548 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 9.5500, stop loss at 9.5260 and target of 9.5937.
