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FxWirePro: Norwegian krone erases previous loss against euro, stable above 9.00 mark

Tuesday, October 11, 2016 5:36 AM UTC

EUR/NOK is currently trading at 9.0031 levels.
It made intraday high at 9.0050 and low at 8.9947 levels.
Intraday bias remains bearish till the time pair holds key resistance at 9.0320 marks.
A sustained close below 9.0089 will test key supports at 8.9622, 8.9566 and 8.9011 marks respectively.
On the other side, reversal from key support will take the parity higher towards 9.0320/9.0842/9.1257/9.1463/9.1685/9.2023 marks respectively.

We prefer to go short on EUR/NOK around 9.0050, stop loss at 9.0320 and target 8.9351.

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FxWirePro: Norwegian krone erases previous loss against euro, stable above 9.00 mark

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