- EUR/NOK is currently trading at 8.9407 levels.
- It made intraday high at 8.9483 and low at 8.9379 levels.
- Intraday bias remains bearish till the time pair holds key resistance at 8.9533 marks.
- A sustained close below 8.94 will test key supports at 8.9370, 8.9235 and 8.9011 marks respectively.
- On the other side, reversal from key support will take the parity higher towards 8.9731/8.9947/9.0320/9.0842/9.1257/9.1463/9.1685/9.2023 marks respectively.
We prefer to go short on EUR/NOK around 8.9425 with stop loss at 8.9533 and target 8.9235.
