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
Still pressuring the downside as corrective pressure weighs. Below the 1.1128 low see strong support coming into play at the 1.1087/60 area. Correction seen giving way to renewed strength later with resistance now at the 1.1246 then the 1.1300/20 area. Above the latter will return focus to the 1.1376 high. [PL]
USD/CHF Daily
Corrected 38.2% of the drop from the 1.0257 high to reach .9889 high overnight and further strength above this will see scope to target .9960 next. Beyond this is the parity level. Downside see support now at the .9800 level and .9762 and see break needed to return focus to the downside. [PL]
USD/JPY Daily
Upside stays in focus to retrace recent steep drop from the 121.69, Jan high. Higher see scope to target the 115.00 level and 115.85. Beyond this see strong resistance at 116.00 level being broken neckline on daily chart. Support now at 113.60 then the 113.00 level where break is needed to return focus to the downside. [PL]
EUR/CHF Daily
Higher within the 1.1043/1.0950 range and lift above the 1.1000 level see scope for retest of the 1.1043 high. Clearance will trigger stronger recovery to the 1.1100 level. Downside see support at the 1.0950/40 area and break needed to see room for deeper pullback to the 1.0900 level and 1.0870 support. [PL]
GBP/USD Daily
View unchanged with intraday trade still in consolidation but the lower closing last session is slowly tilting pressure towards 1.4384 support and break will expose the lower end of 2-week consolidation at 1.4352. Resistances are seen at 1.4578 then 1.4668. [W.T]
EUR/GBP Daily
Down to the .7700 level but no follow-through as yet. Break here will see strong support at the .7666/61 area coming into play. Below this will trigger deeper pullback to correct the up-leg from .6983, Nov low. Resistance now at the .7800 level ahead of the .7851 and .7898 highs. [PL]
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