Published: 2025-07-17T06:40:34.000Z
Chart EUR/NOK Update: Extending gains
Technical Analyst
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Break of the 11.9000 resistance see prices extending bounce from the 11.7500 support
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 12.1330 | ** | Aug 2024 year high | S1 | 11.9000 | * | congestion | |
| R3 | 12.1000 | * | congestion | S2 | 11.8000 | * | congestion | |
| R2 | 12.0230 | * | 76.4% Apr/Jun fall | S3 | 11.7500 | ** | 27 Jun low | |
| R1 | 12.0000 | ** | congestion | S4 | 11.7000 | * | congestion |
Asterisk denotes strength of level
06:30 GMT - Break of the 11.9000 resistance see prices extending bounce from the 11.7500 support to extend the broader gains from 11.4000, June low. Positive daily studies suggest room for extension to retrace the April/June losses to the 12.0000 level and 12.0230, 76.4% Fibonacci level. Beyond this will see room to target 12.1000 congestion and 12.1330, August year 2024 high. Meanwhile, support is raised to 11.9000 congestion which should underpin and sustain bounce from the 11.7500 support.