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
Settling back from the 1.0917 high but the upside stays in focus following recovery from the 1.0778 low of last week. Resistance is at 1.0921 and break here and 1.0940 will clear the way for retest of the Jan range high at 1.0970/85. Support now at 1.0819 and below this needed to expose 1.0778 low to retest. [PL]
EUR/CHF Daily
Bulls still stretching following break above the 1.1050 high of last year. Above the 1.1076 high will see further extension to target the 1.1100 level though stretched intraday and daily tools caution corrective pullback. Would need break of the 1.1000 level and 1.0982 support to fade upside pressure. [PL]
USD/CHF Daily
Settled back in consolidation from the 1.0200 level though the downside still limited and see support at the 1.0125/107, prev highs. Would take break to swing focus lower within the 6-1/2 wk up channel from the .9786, Dec low. Clearing the 1.0200 level will see extension to 1.0240 then 1.0328, 2015 high. [PL]
GBP/USD Daily
With a corrective high set at 1.4367, trades are turning into intraday consolidation with support seen at 1.4174 and break will trigger deeper setback towards last week's low of 1.4080. Lift above 1.4367 will expose stronger correction to 1.4428/45. [W.T]
USD/JPY Daily
Keeping below the 119.00 level though upside stays in focus while above the 118.00 level. Higher will see further extension of the up-leg from the 115.98 low of last week to target 119.70 then strong resistance at the 120.00/35 area. Would take break of the 117.66/48 support to return focus to the downside. [PL]
EUR/GBP Daily
Bounce from the .7550 low see pressure returning to the .7654/70 resistance. Break here will clear the way for retest of the .7700 level then the .7756 high. Main supports are at the .7550/26 lows then the .7500 level. Only break of the latter will swing focus lower to further retrace up-leg from .6983, Nov low. [PL]
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