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FxWirePro: Norwegian krone erases previous gain against euro, hovers around 9.3200 mark

EUR/NOK is currently trading at 9.3142 levels. It made intraday high at 9.3323 and low at 9.29 levels. Intraday bias remains bullish for the moment but upside likely to be limited. A daily close below key support 9.30 le…

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FxWirePro: Norwegian krone erases previous gain against euro, hovers around 9.3200 mark
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  • EUR/NOK is currently trading at 9.3142 levels.
     
  • It made intraday high at 9.3323 and low at 9.29 levels.
     
  • Intraday bias remains bullish for the moment but upside likely to be limited.
     
  • A daily close below key support 9.30 level will drag the parity down towards key supports at 9.29, 9.2619, 9.2420, 9.2350 and 9.1513 marks respectively.
     
  • Initial resistance levels are seen at 9.3387, 9.3471, 9.3676, 9.3862, 9.3896 and 9.3939 levels.

We prefer to take long position in EUR/NOK around 9.3161, stop loss 9.29 and target 9.3471 marks.

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