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FxWirePro: Prefer to go short on EUR/NOK around 8.9425 with stop loss at 8.9533 and target of 8.9235

Friday, October 21, 2016 8:15 AM UTC

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.

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FxWirePro: Prefer to go short on EUR/NOK around 8.9425 with stop loss at 8.9533 and target of 8.9235

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