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- EUR/NOK is currently trading at 9.0225 levels.
- It made intraday high at 9.0232 and low at 8.9960 levels.
- Intraday bias remains bullish till the time pair holds key support at 8.9701 marks.
- A sustained close below 8.9960 will test key supports at 8.9556, 8.9375, 8.9227 and 8.9011 marks respectively.
- On the other side, reversal from key support will take the parity higher towards key resistances at 9.0320/9.0495/9.0842/9.1257/9.1463/9.1685/9.2023 marks respectively.
- Norway's September goods consumption -0.3 pct m/m.
- Norway's s/a September retail sales volumes excluding sales of motor vehicles -0.3 pct m/m vs +0.4 pct seen in poll.
- Norway's s/a Industrial confidence indicator at -5 in Q3 vs revised -2 in Q2.
We prefer to go long on EUR/NOK around 9.0220 with stop loss at 8.9701 and target of 9.0320/9.0495.
