- EUR/NOK is currently trading at 9.1360 levels.
- It made intraday high at 9.2413 and low at 9.1216 levels.
- Intraday bias remains bearish for the moment.
- A sustained break below 9.1347 key support targets next level at 9.0856 levels.
- On the other side, reversal from key support will take the parity higher towards 9.1685/9.1956/9.2345/9.2630/9.2878/9.3491 marks.
- Norway Central bank kept key policy rate unchanged at 0.50 percent.
- Norway's Central bank sees 2016 key policy rate level at 0.6 pct vs June forecast of 0.5 pct.
- Norway's Central bank sees 2018 key policy rate level at 0.4 pct vs June forecast of 0.3 pct.
- Norway's Central bank sees 2019 key policy rate level at 0.7 pct vs June forecast of 0.6 pct.
We prefer to go short on EUR/NOK around 9.15 with stop loss at 9.1885 and target of 9.0856.
