2016.05.2404:30:00UTC+00Fxwirepro: Eur/nok Finds Support Above 9.37, Upside Limited

• EUR/NOK is currently trading at 9.3780 levels.
   
• It made intraday high at 9.3974 and low at 9.3417 levels.
   
• Intraday bias remains neutral for the moment.


• A daily close below key support 9.3190 level will drag the parity down towards key supports at 9.24 and 9.16 marks respectively.
   
• Initial resistance levels are seen at 9.3862, 9.3896 and 9.3939 levels.


• On the other side, key support levels are seen at 9.2353, 9.1686 and 9.1615 marks.

Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.