Published: 2025-10-22T07:53:59.000Z
Chart EUR/NOK Update: Extending pullback from 11.8300 high
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Under pressure as prices extend pullback from the 11.8300 corrective high
| Levels | Imp | Comment | Levels | Imp | Comment | |||
|---|---|---|---|---|---|---|---|---|
| R4 | 11.8300 | ** | 17 Oct high | S1 | 11.6000 | * | congestion | |
| R3 | 11.8000 | * | congestion | S2 | 11.5800 | * | 9 Oct low | |
| R2 | 11.7500 | * | Jul low, congestion | S3 | 11.5370 | ** | Sep low | |
| R1 | 11.7000 | congestion | S4 | 11.5000 | * | congestion |
Asterisk denotes strength of level
07:45 GMT - Under pressure as prices extend pullback from the 11.8300 corrective high. Sharp pullback see support at the 11.6000 congestion now within reach. Below this will return focus to support at 11.5800/11.5370, 9 October and September lows. Would expect reaction at this area but a later break cannot be ruled out to extend the broader losses from the 11.9850/11.9900, July/August highs. Meanwhile, resistance is lowered to 11.7000 congestion, now expected to cap and sustain pullback from the 11.8300 high.