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
Staging recovery from the 1.1071 low which stands just above strong support at the 1.1060, Dec high. Failure to hold the latter will trigger deeper pullback to the 1.0985 support. Resistance now at 1.1160 then the 1.1200/14 area. Only above the latter will revive upside focus and see return to the 1.1300 then 1.1376 high. [PL]
EUR/CHF Daily
Settling back in range from the 1.1061 high and dip see the 1.1000 level to watch. Would take break of the latter to swing focus lower for retest of the 1.0950 low and see scope to extend the broader drop from the 1.2000 high. Above 1.1061 needed to see further corrective strength to the 1.1100 level. [PL]
USD/CHF Daily
Settling back from the .9969 high which retrace approx 50%of the drop from the 1.0257, later Jan high. Risk now seen for setback below the .9900 level to the .9896/90 support and where break will confirm a top at the .9969 high and return focus to the downside. Resistance now at .9942 then .9969 high. [PL]
GBP/USD Daily
View unchanged from this morning with the appearance of a High-wave candle eroding upside momentum and settling trade back to consolidation and ability to push below 1.4235 support will help bears regain downside footing. [W.T]
USD/JPY Daily
Failure to hold the 113.00 level seeing deeper pullback from the 114.87 high. Lower see scope to the 112.50 and 111.57 support then the 110.99 low. Would need to regain the 114.00 level to ease downside pressure and clear the way for retest of 114.51 and 114.87 high. [PL]
EUR/GBP Daily
Settled back in consoldiation following rejection from the .7845 high which keep the .7898 high of last week out of reach. However, further strength not ruled while above the .7696 support. Setback to break the .7666/61 support needed to weaken and swing focus to the downside. [PL]
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