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FxWirePro: EUR/NOK stabilizes around 8.96 mark, good to buy on dips

Monday, October 24, 2016 8:25 AM UTC

EUR/NOK is currently trading at 8.9622 levels.
It made intraday high at 8.9885 and low at 8.9559 levels.
Intraday bias remains bullish till the time pair holds key support at 8.9375 marks.
A sustained close below 8.9375 will test key supports at 8.9227 and 8.9011 marks respectively.
On the other side, reversal from key support will take the parity higher towards 8.9947/9.0144/9.0320/9.0842/9.1257/9.1463/9.1685/9.2023 marks respectively.

We prefer to go long on EUR/NOK around 8.96 with stop loss at 8.9375 and target of 9.0144/9.0320.

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FxWirePro: EUR/NOK stabilizes around 8.96 mark, good to buy on dips

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