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FxWirePro: Norwegian krone falls sharply against euro, upside limited

EUR/NOK is currently trading at 9.3275 levels. It made intraday high at 9.3333 and low at 9.2782 levels. Intraday bias remains bullish for the moment. A daily close below key support 9.3190 level will drag the parity dow…

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FxWirePro: Norwegian krone falls sharply against euro, upside limited
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  • EUR/NOK is currently trading at 9.3275 levels.
     
  • It made intraday high at 9.3333 and low at 9.2782 levels.
     
  • Intraday bias remains bullish for the moment.
     
  • A daily close below key support 9.3190 level will drag the parity down towards key supports at 9.2420 and 9.1513 marks respectively.
     
  • Initial resistance levels are seen at 9.3862, 9.3896 and 9.3939 levels.
     
  • On the other side, key support levels are seen at 9.2353, 9.1686 and 9.1615 marks.

We prefer to take short position in EUR/NOK around 9.3320, stop loss 9.3524 and target 9.2420 marks.

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