Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
EUR/USD Daily
Staging recovery from the 1.0800 level as mkt starts to unwind stretched intraday tools following drop from 1.1060 high earlier in the week. Main resistance is at 1.0905 and regaining the latter needed to revive upside focus for retest of 1.1000 then 1.1060 high. [P.L]
USD/CHF Daily
Stretched corrective bounce to approach the parity level but would need to break the 1.1000/34 resistance to trigger stronger recovery to the 1.0100 level then 1.0129, Mar high. Support now at .9925/00 area and see break needed to weaken and see return to .9876 then the .9786 low. [PL]
USD/JPY Daily
Saw spike to 123.56 high and rejection there keep the 123.67/76 highs out of reach. Pressure now returning to the 122.00 level and break here will see return to the 200-day MA at 121.61. Break here needed to see return to 121.38/18 area then the 120.35 low. [PL]
EUR/CHF Daily
Retains downside bias below the 1.0800 level and scope seen to further pressure the 1.0761 low. Below this will expose the 1.0737/13 lows to retest. Break will trigger a 4-mth top pattern at the 1.1050 high and see deeper pullback. Upside seen limited with resistance now at 1.0845 and 1.0877. [PL]
GBP/USD Daily
After the sharp decline below 1.4895 support last session , bears are pausing within intraday consolidation and only swing above 1.5007 resistance to reverse current downmove. Below 1.4857/44 supports will unlease further selling. [W.T]
EUR/GBP Daily
Keeping below the .7307 high and break needed to clear the way for further extension to target .7374 then the .7400 level. Beyond this is the .7493, Oct high. Downside seen limited with support starting at .7241 then the higher lows at .7193 and .7164. [PL]
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