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- EUR/NOK is currently trading at 9.5625 levels.
- It made intraday high at 9.5858 and low at 9.5296 levels.
- Intraday bias remains slightly bullish till the time pair holds key support at 9.5118 mark.
- A sustained close below 9.5118 will test key supports at 9.4725, 9.4557, 9.4234 and 9.4059 levels respectively.
- On the other side, reversal from key support will take the parity higher towards key resistance around 9.5937/9.6200/9.6326/9.6548 marks respectively.
- Important to note here that 20D, 30D and 55D EMA heads up and confirms the bullish trend in a daily chart.
We prefer to take long position on EUR/NOK around 9.5550, stop loss at 9.5261 and target of 9.6200.
