FxWirePro: Norwegian crown hits 9-month high of 9.1216 crowns per euro after Norges bank rate decision

• 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.