Published: 2025-11-18T07:51:58.000Z
Chart EUR/NOK Update: Higher in choppy trade
-
Higher in choppy trade following bounce from the 11.6200/11.6000 congestion area
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 11.8500 | * | congestion | S1 | 11.7000 | * | congestion | |
| R3 | 11.8300 | ** | Oct high | S2 | 11.6200 | * | congestion | |
| R2 | 11.8000 | * | congestion | S3 | 11.5600 | * | Oct low | |
| R1 | 11.7500 | * | Jul low, congestion | S4 | 11.5370 | ** | Sep low |
Asterisk denotes strength of level
07:45 GMT - Higher in choppy trade and bounce from the 11.6200/11.6000 congestion area sets up scope for retest of resistance at the 11.8000 level and 11.8300, October high. Positive daily and weekly studies suggest scope for break here to extend the broader gains to retrace the August/September losses and see room to 11.8500/11.9000 area. Break here, if seen, will return focus to strong resistance at the 11.9900/12.0000 area. Meanwhile, support is raised to the 11.7000/11.6200 congestion ares which should underpin contain corrective pullback.