Forex: EUR/NOK retracing post-CPI gains, around 7.3085

FXstreet.com (Barcelona) - The Norwegian krone is recovering the ground lost to the single currency on Thursday after the CPI ticked higher during December, rising 0.3% MoM and 1.4% over the last twelve months, exceeding previous prints at +0.1% and +1.1%, respectively. Producer Prices followed the opposite direction, contracting 0.2% on a year through December, down from +0.0% previous.

The cross is now losing 0.03% at 7.3085 with the immediate support at 7.2927 (Lower Bollinger) ahead of 7.2799 (low Jan.4) and finally 7.2677 (low Aug.31).
On the upside, a break above 7.3415 (high Jan.4) would aim to 7.3457 (MA14d) en route to 7.3540 (MA30d).