Published: 2026-04-27T07:23:24.000Z
Chart EUR/NOK Update: Consolidating, room for lower later
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Edged up from the 10.8560 low of last week as prices consolidate losses from the 11.3400 March swing high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 11.2000 | ** | congestion, Feb low | S1 | 10.8560 | ** | 23 Apr YTD low | |
| R3 | 11.1000 | ** | congestion | S2 | 10.8250 | * | 50% 2022/2025 rally | |
| R2 | 11.0000 | * | figure | S3 | 10.8000 | * | congestion | |
| R1 | 10.9330 | * | Mar low | S4 | 10.7000 | * | congestion |
Asterisk denotes strength of level
07:10 GMT - Edged up from the 10.8560 low of last week as prices consolidate losses from the 11.3400 March swing high. Daily studies are stretched and suggest scope for bounce to resistance at 10.9330 March low and 11.0000 figure. Above here will see room for stronger corrective bounce to strong resistance at 11.1000 congestion which is expected to cap. Meanwhile, break of the 10.8560 low will further extend broader losses from the April 2025 year high and see room to 10.8250, 50% Fibonacci retracement. Lower still will see room to 10.8000 and 10.7000 congestion area.