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FxWirePro: Norwegian krone erases previous gain against euro, hovers around 9.3200 mark

  • EUR/NOK is currently trading at 9.3142 levels.
     
  • It made intraday high at 9.3323 and low at 9.29 levels.
     
  • Intraday bias remains bullish for the moment but upside likely to be limited.
     
  • A daily close below key support 9.30 level will drag the parity down towards key supports at 9.29, 9.2619, 9.2420, 9.2350 and 9.1513 marks respectively.
     
  • Initial resistance levels are seen at 9.3387, 9.3471, 9.3676, 9.3862, 9.3896 and 9.3939 levels.

We prefer to take long position in EUR/NOK around 9.3161, stop loss 9.29 and target 9.3471 marks.

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