Norwegian krone volatile against Euro ahead of inflation report

• EUR/NOK is currently around at 9.3718 levels.
   
• It made intraday high at 9.3832 and low at 9.3517 levels.
   
• Intraday bias remains neutral till the time pair holds key support at 9.3510 levels.
   
• On the other side, key resistance falls at 9.4671 levels.
   
• Norway will release CPI, Core CPI data within few minutes.
   
• In addition 20D, 30D and 55D EMA heads down and suggests bearish trend.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.