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
Limited to 1.1320 high so far though the upside stays in focus and see scope to retest the 1.1338 high. Break here will see scope to target the 1.1400 level. Beyond this will shift focus to the 1.1460 and 1.1495, Sep/Oct highs. Support starts at 1.1246 then the 1.1161 low, seen protecting the downside. [PL]
USD/CHF Daily
Rejection from the .9820 high yesterday see pressure returning to the downside and the .9695 low at risk. Follow-through below this will see further decline to .9612 and .9578 support. Resistance now at the .9786, Dec low, and .9820 and lift over these needed to ease downside pressure. [PL]
USD/JPY Daily
Bears showing no signs slowing and break of the 113.00 level see further decline to 112.45 next then the 112.00 level. Below the latter will shift focus to the 110.00 level though stretched intraday and daily tools caution corrective bounce. Resistance now at 114.21 and 115.54. [PL]
EUR/CHF Daily
Steadying at the 1.0952 low to consolidate the sharp drop from 1.1200 high of last week. However, the upside seen limited with resistance now at 1.1019/34 area. Would take lift over this to see room for stronger recovery to the 1.1100 level. Break of the 1.0940 support will see deeper pullback to the 1.0900 level and 1.0870 support. [PL]
GBP/USD Daily
View little changed from this morning with intraday trade stuck in consolidation and push above last session's high of 1.4578 will expose recent corrective high of 1.4668 . Support seen at 1.4446 and slippage below latter will see the lower end of consolidation at 1.4352 retested. [W.T]
EUR/GBP Daily
Lower to unwind the strong rally from the .7526 low of last week. Setback from the .7851 high to break the .7756/31 support see room for stronger pullback to the .7666/61 area. Higher low sought for renewed strength later, above the .7851 high will see resumption of the strong up-leg from the Nov low. [PL]
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