- EUR/NOK is currently trading at 9.5110 levels.
- It made intraday high at 9.5199 and low at 9.4946 levels.
- Norway's unemployment rate remains unchanged at 3.3% but unemployment change falls to 101.01K from 101.26K.
- In addition, Norway released consumer confidence data with positive figures at -8.0 points m/m vs -10.1 points previous release.
- Intraday bias remains bearish till the time pair holds key resistance level at 9.5707.
- Alternatively, s daily close above 9.6185 will turn the bias bullish again.
We prefer to take short position in EUR/NOK around 9.5150, stop loss 9.5348 and target 9.48 levels.
