FxWirePro: Go long on EUR/NOK around 9.18 with stop loss at 9.1667 and target of 9.2630
Thursday, April 21, 2016 8:22 AM UTC
- EUR/NOK is currently trading at 9.1840 levels.
- It made intraday high at 9.1945 and low at 9.1519 levels.
- Intraday bias remains bullish till the time pair holds key support level at 9.1667.
- Alternatively, a sustained break below key support targets next level at 9.0856 levels.
- On the other side, reversal from key support will take the parity higher towards 9.2630/9.2878/9.3491 marks.
We prefer to take long position in EUR/NOK around 9.18, stop loss 9.1667 and target 9.2630 levels.