Published: 2026-03-31T07:55:48.000Z
Chart EUR/NOK Update: Consolidating, room for higher later
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Settled back in consolidation from test of the 11.3400, 38.2% Fibonacci level and high of last week
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 11.4665 | * | 50% Dec/Mar fall | S1 | 11.1000 | * | congestion | |
| R3 | 11.4000 | * | congestion | S2 | 11.0000 | * | congestion | |
| R2 | 11.3400 | * | 38.2% Dec/Mar fall | S3 | 10.9330 | ** | 19 Mar YTD low | |
| R1 | 11.3000 | * | congestion | S4 | 10.8250 | * | 50% 2022/2025 rally |
Asterisk denotes strength of level
07:50 GMT - Settled back in consolidation from test of the 11.3400, 38.2% Fibonacci level and high of last week. Daily studies are unwind oversold readings and suggest room for retest of resistance at the 11.3000/11.3400 area. Clearance here will see room to extend corrective gains from the 10.9330 low to the 11.4000 congestion and 11.4665, 50% Fibonacci level. Meanwhile, support remains at the 11.1000 congestion which should underpin. A later break here will return focus to the downside for retest of the 10.9330 low and see scope to extend losses from the 12.0000, December high.