FxWirePro: Norwegian krone falls against euro after mixed GDP data from Norway

• EUR/NOK is currently trading at 8.8945 levels.
   
• It made intraday high at 8.8983 and low at 8.8875 levels.
   
• Intraday bias remains bullish till the time pair holds key support at 8.8733 marks.
   
• A sustained close below 8.8930 will test key supports at 8.8733, 8.8525 and 8.8355 marks respectively.
   
• On the other side, reversal from key support will take the parity higher towards key resistance around 8.9036, 8.9260, 8.9589 and 8.9672 marks respectively.
   
• Norway's Q4 GDP +1.1 pct q/q (poll +0.7 pct).
   
• Norway's Q3 GDP revised to -0.6 q/q vs preliminary -0.5.
   
• Norway's Q4 non-oil GDP +0.3 pct q/q (poll +0.4 pct).
   
• Norway's Q3 non-oil GDP revised to +0.1 q/q vs preliminary +0.2.

We prefer to go short on EUR/NOK only above 8.90 with stop loss at 8.8733 and target of 8.9260.