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- EUR/NOK is currently trading at 9.6538 levels.
- It made intraday high at 9.6680 and low at 9.6441 levels.
- Intraday bias remains neutral till the time pair holds key support at 9.6484 mark.
- A sustained break below 9.6484 will test key supports at 9.6395, 9.6337, 9.6011 and 9.5549 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.6722/9.7025/9.7228/9.7466/9.7867/9.8065/9.8438/9.8855 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.
We prefer to take short position on EUR/NOK around 9.6530, stop loss at 9.6680 and target of 9.6395.
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