- EUR/NOK is currently trading at 9.4775 levels.
- It made intraday high at 9.4925 and low at 9.4704 levels.
- Intraday bias remains bearish till the time pair holds key resistance level at 9.4997.
- A daily close above 9.4997 will turn the bias bullish again and drag the parity up towards 9.5332/9.5511 marks.
- Alternatively, current downfall will take the parity towards key supports at 9.4374 and 9.4152 marks.
We prefer to take short position in EUR/NOK around 9.4750, stop loss 9.4997 and target 9.4326 levels.
The material has been provided by InstaForex Company – www.instaforex.com