FxWirePro: EUR/NOK hits multi-week low, breaks major support at 9.2570, good to go short on rallies

• Norway's core inflation surged to record highs in July, dampening Norges Bank’s rate cut speculation. 
   
• The Krone has surged after inflation data release. EUR/NOK hit multi-week lows at 9.2094.
   
• The pair has broken major trendline support at 9.2570 on the daily charts, we see scope for further downside.
   
• 50-DMA at 9.3507 is major resistance on the upside, while 9.1970 is next major support on the flipside.
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Recommendation: Good to go short on rallies around 9.2500, SL: 9.3510, TP: 9.1970/ 9.1550/ 9.1375