Danske Research Team
Danske Bank A/S
Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.
Who were the best experts in 2015? Have your say and vote for FXStreet's Forex Best Awards 2016! Cast your vote now!
-------
EUR/USD Daily
Failed to sustain break of the 1.0800 level yesterday though setback to break the 1.0860 support return focus to the 1.0800 level then the 1.0778 low. Follow-through below the latter will expose the 1.0711 low to retest. Resistance now at the 1.0900/21 area then the 1.0985 high. [PL]
USD/CHF Daily
Failed to sustain jump to 1.0147 high and setback below the 1.0100 level see mkt settling back in consolidation. Further strength seen for retest of the 1.0125/47 highs and where clearance will target the 1.0200 level. Only below the .9991 low weakens and expose the .9959 and .9881 lows of last week. [PL]
USD/JPY Daily
Extending recovery from the 115.98 low to retest the 118.00 level. Above this see strong resistance at the 118.11/38 highs and where clearance will trigger stronger recovery to target 118.83. Support now at the 117.00 level then the 116.47 and 115.98 lows. [PL]
EUR/CHF Daily
Stays in range within the 1.0983/1.0900 area with hold above the 1.0900 level seen sustaining the bullish structure from the 1.0756, Dec low. Higher will see scope to the 1.1000 level then 1.1050, Sep high. Below 1.0900 will weaken and swing focus to the 1.0855/27 area then the 1.0800 level. [PL]
GBP/USD Daily
Intraday trade tight in consolidation but the appearance of a Hammer last session is taking pressure off the downside and lift above yesterday's high of 1.4250 will inspire stronger rebound to 1.4340. [W.T]
EUR/GBP Daily
Rotating lower from the .7745/66 resistance to reach .7617 low. Below this will see scope to the .7600 level then the .7583 support and where break will swing focus lower to correct the strong up-leg seen in the new year to the .7500 level. Resistance now at the .7700 level then .7745/66 area. [PL]
Who were the best experts in 2015? Have your say and vote for FXStreet's Forex Best Awards 2016! Cast your vote now!
-------
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.
Recommended Content
Editors’ Picks
EUR/USD holds below 1.0750 ahead of key US data
EUR/USD trades in a tight range below 1.0750 in the European session on Friday. The US Dollar struggles to gather strength ahead of key PCE Price Index data, the Fed's preferred gauge of inflation, and helps the pair hold its ground.
USD/JPY stays firm above 156.00 after BoJ Governor Ueda's comments
USD/JPY stays firm above 156.00 after surging above this level on the Bank of Japan's decision to leave the policy settings unchanged. BoJ Governor said weak Yen was not impacting prices but added that they will watch FX developments closely.
Gold price oscillates in a range as the focus remains glued to the US PCE Price Index
Gold price struggles to attract any meaningful buyers amid the emergence of fresh USD buying. Bets that the Fed will keep rates higher for longer amid sticky inflation help revive the USD demand.
Bitcoin Weekly Forecast: BTC’s next breakout could propel it to $80,000 Premium
Bitcoin’s recent price consolidation could be nearing its end as technical indicators and on-chain metrics suggest a potential upward breakout. However, this move would not be straightforward and could punish impatient investors.
US core PCE inflation set to signal firm price pressures as markets delay Federal Reserve rate cut bets
The core PCE Price Index, which excludes volatile food and energy prices, is seen as the more influential measure of inflation in terms of Fed positioning. The index is forecast to rise 0.3% on a monthly basis in March, matching February’s increase.