Rationale : EUR/NOK is forming a head-and-shoulders pattern on hourly charts. Persistently weak oil prices and likely continued dovish message by the Norges Bank this week should keep NOK trading on the weak side.
Expression: Buy EUR/NOK at 9.1950, with a stop at 9.13, targeting 9.40 Mechanics Straightforward spot trade.
Risks: A rally in crude oil prices would lift the Norwegian krone, as would a more hawkish than expected tone following the Norges Bank policy meeting this week.
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