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Add as a preferred source on Google FxWirePro: Norwegian krone strengthens against euro, likely to break key support at 9.0862 EUR/NOK is currently trading at 9.1048 levels. It made intraday high at 9.1276 and low at 9.0987 levels. Intraday bias remains bearish till the time pair holds key resistance at 9.1473 marks. A sustained break below 9.09…
By FxWirePro Team Sep 27, 2016, 6:31 AM UTC
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EUR/NOK is currently trading at 9.1048 levels.
It made intraday high at 9.1276 and low at 9.0987 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.1473 marks.
A sustained break below 9.0900 will test key supports at 9.0862, 9.0676, 9.0382 and 9.0143 levels respectively.
On the other side, reversal from key support will take the parity higher towards 9.1475/9.1685/9.1956/9.2345/9.2630/9.2878/9.3491 marks.
We prefer to go short on EUR/NOK around 9.1050 with stop loss at 9.1275 and target of 9.0900/9.0877/9.0676.
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