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FxWirePro: EUR/NOK rejects 9.40 mark, bias remains neutral

EUR/NOK is currently trading at 9.3714 levels. It made intraday high at 9.3772 and low at 9.3370 levels. Intraday bias remains neutral for the moment but upside likely to be limited. A daily close below key support 9.30 …

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FxWirePro: EUR/NOK rejects 9.40 mark, bias remains neutral
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  • EUR/NOK is currently trading at 9.3714 levels.
     
  • It made intraday high at 9.3772 and low at 9.3370 levels.
     
  • Intraday bias remains neutral for the moment but upside likely to be limited.
     
  • A daily close below key support 9.30 level will drag the parity down towards key supports at 9.29, 9.2619, 9.2420, 9.2350 and 9.1513 marks respectively.
     
  • Initial resistance levels are seen at 9.3772, 9.3862, 9.3896, 9.3939 and 9.4031 levels.

We prefer to take short position in EUR/NOK around 9.3800, stop loss 9.4031 and target 9.3471/ 9.3246 marks.

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