FxWirePro: Norwegian crown rises to nine-day high vs euro after Norges bank decision, GDP numbers
EUR/NOK is currently trading at 9.2593 levels. It made intraday high at 9.3323 and low at 9.2530 levels. Today Norway Central bank kept policy rate unchanged at 0.50 percent. In addition, Norway's Q1 GDP +1.0 pct q/q (co…
It made intraday high at 9.3323 and low at 9.2530 levels.
Today Norway Central bank kept policy rate unchanged at 0.50 percent.
In addition, Norway's Q1 GDP +1.0 pct q/q (consensus forecast +0.1 pct).
Intraday bias remains bearish till the time pair holds key resistance level at 9.3715 marks.
A daily close below key support 9.2353 level will drag the parity towards 9.16 marks.
Initial resistance levels are seen at 9.3759, 9.3862 and 9.3896 levels.
On the other side, key support levels are seen at 9.2353, 9.1686 and 9.1615 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
