Published: 2026-01-14T07:09:52.000Z
Chart EUR/NOK Update: Consolidating at 11.7100 support
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Rejection from test of the 12.0000 level has seen losses to support at 11.7100 congestion and 61.8% Fibonacci level
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 12.2000 | ** | congestion, Dec high | S1 | 11.7100 | * | congestion, 61.8% | |
| R3 | 11.9000 | * | congestion | S2 | 11.6200 | * | Nov low | |
| R2 | 11.8500 | * | Nov high | S3 | 11.5600 | * | Oct low | |
| R1 | 11.8000 | * | congestion | S4 | 11.5370 | ** | Sep low |
Asterisk denotes strength of level
07:05 GMT - Rejection from test of the 12.0000 level has seen losses to support at 11.7100 congestion and 61.8% retracement of September/December gains. Daily studies are stretched but negative weekly chart highlight risk for break here to open up room for deeper pullback to the 11.6200 November low which is expected to underpin. Failure here will return focus to the 11.5600 and 11.5370, October/September lows. Meanwhile, resistance is at the 11.8000/11.8500 congestion and November high, now expected to cap and sustain losses from the December high.