Published: 2026-05-22T06:35:25.000Z
Chart EUR/NOK Update: Pressuring 10.7000/10.6800 support
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Consolidation above the 10.7100 low of last week has given way to renewed selling
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 11.0000 | * | figure | S1 | 10.7000 | ** | congestion, 2021 year high | |
| R3 | 10.9330 | ** | Mar low | S2 | 10.6800 | ** | 2022 year high | |
| R2 | 10.8500 | congestion | S3 | 10.6000 | * | congestion | ||
| R1 | 10.8000 | * | congestion | S4 | 10.5400 | * | Jun 2022 high |
Asterisk denotes strength of level
06:30 GMT - Consolidation above the 10.7100 low of last week has given way to renewed selling to pressure strong support at the 10.7000/10.6800, 2021/2022 year highs. Oversold daily and weekly studies suggest reaction here can be expected to consolidate sharp losses from the 11.3400 March swing high. Meanwhile, resistance remains at the 10.8000 congestion and wedge top which is expected to cap. Break here will ease the downside pressure and open up room for stronger corrective bounce to the 10.8500/10.9000 congestion area and 10.9330, March low.