Chart EUR/NOK Update: Room for a minor test higher
Anticipated losses have posted a fresh 2026 year low around 10.6660
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 10.9300 | * | break level | S1 | 10.7500 | * | range lows | |
| R3 | 10.9000 | * | congestion | S2 | 10.6660 | ** | 10 Sep YTD low | |
| R2 | 10.8500 | * | congestion | S3 | 10.6000 | ** | congestion | |
| R1 | 10.8000 | * | break level | S4 | 10.5400 | * | early-Jan 2023 (w) low |
Asterisk denotes strength of level
12:00 BST - Anticipated losses have posted a fresh 2026 year low around 10.6660, before bouncing sharply into range extension within 10.7500 - 10.8000. Daily stochastics and the daily Tension Indicator are rising, suggesting room for a test above resistance at 10.8000. Focus will then turn to congestion around 10.8500. But negative weekly charts should prompt renewed selling interest towards here. A break, if seen, is expected to meet stronger selling interest towards 10.9000.
Meanwhile, support is at the 10.7500 range lows. A later break beneath here will add weight to sentiment. But a close below 10.6660 is needed to turn sentiment negative and extend April 2025 losses towards historic congestion around 10.6000.