EURNOK 1:1 High probability TC setup

Insight:
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- Below TC red line
- Below Vwap
- Above expectation Norway CPI
- Weak EUR into U.S. CPI release

Trade active:

Technically same kind of setup on related idea

Trade active:

Note: will close this position pre U.S. CPI release

Comment:

NOK Core CPI YTD (Jul) 4.50% 3.80% 3.60%
NOK Core Inflation (MoM) (Jul) 1.50% 0.80% 0.50%
NOK CPI (MoM) (Jul) 1.30% 0.90% 0.90%
NOK CPI (YoY) (Jul) 6.80% 6.30% 6.30%
NOK PPI (YoY) (Jul) 73.60% 68.80%

Trade closed: target reached