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Add as a preferred source on Google FxWirePro: EUR/NOK remains well supported below 9.10 mark, Norway’s retail sales data in focus EUR/NOK is currently trading at 9.0969 levels. It made intraday high at 9.1015 and low at 9.0902 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.1463 marks. A sustained close below 9.08…
By FxWirePro Team Sep 28, 2016, 5:41 AM UTC
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EUR/NOK is currently trading at 9.0969 levels.
It made intraday high at 9.1015 and low at 9.0902 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.1463 marks.
A sustained close below 9.0862 will test key supports at 9.0763, 9.0676, 9.0382 and 9.0143 levels respectively.
On the other side, reversal from key support will take the parity higher towards 9.1463/9.1685/9.1956/9.2345/9.2630/9.2878/9.3491 marks.
Norway will release core retail sales data at 0600 GMT.
We prefer to go short on EUR/NOK around 9.10 with stop loss at 9.1226 and target of 9.0862/9.0763/9.0676.
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