Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: EUR/NOK remains well supported below key resistance at 9.4997, good to sell on rallies

  • EUR/NOK is currently trading at 9.4775 levels.
     
  • It made intraday high at 9.4925 and low at 9.4704 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance level at 9.4997.
     
  • A daily close above 9.4997 will turn the bias bullish again and drag the parity up towards 9.5332/9.5511 marks.
     
  • Alternatively, current downfall will take the parity towards key supports at 9.4374 and 9.4152 marks.                                                                                  We prefer to take short position in EUR/NOK around 9.4750, stop loss 9.4997 and target 9.4326 levels.
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.