EUR/CHF: Keeping below the 1.0965/83 highs

Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.

EUR/USD

Extending bounce from the 1.0860 low and see scope to retest the 1.0985/93 highs. Lift over these and the 1.1000 level will see return to the 1.1060, Dec high. Support now at 1.0855 then the 1.0835/05 area. Only below the 1.0800 level will weaken and return focus to the 1.0711 low. [PL]

EUR/CHF

Keeping below the 1.0965/83 highs and see break here needed to clear the way to the 1.1000 level. Beyond this is the 1.1050, Sep high. The downside still limited and only break of the 1.0900 level will weaken and see deeper pullback to 1.0855/27 area then the 1.0800 level. [PL]

USD/CHF

Settling back from the 1.0082 high to pressure the parity level and risk is seen for break to see return to the .9959 low. Break of the latter will see scope for deeper setback to the .9881/53 lows. Need to hold parity level to allow for retest of the 1.0107 and 1.0125 highs. [PL]

GBP/USD

Sharp reversal from last session's high of 1.4340 is keeping this currency pair on a suppressive tone during intraday trading with bears eyeing next support at 1.4110 and break to extend decline to 1.4000. Only swing above 1.4340/52 hurdles to expose stronger rebound.

USD/JPY

Failure to hold gains above the 118.00 level yesterday and setback to break the 117.00 level see pressure returning to the downside and the 116.51 low back in focus. Below this will expose important support at 116.18 then the 115.86/57, Jan-15/Dec-14 lows. Breakdown will trigger a 13-mth top pattern.

EUR/GBP

Upside stays in focus and rally to break the .7700 level seeing extension to target the .7745/66 area next. Beyond this will see scope to the .7800 level. Support now at .7656 then the .7583 low, now protecting the downside. Would take of the latter to weaken and trigger correction. [PL]

Download Full Technical Update

Share: Analysis feed

This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector.
This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange.
Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.