Interested in more FX key technical levels? Take a look at Swissquote's daily technical outlook.

EUR/USD Daily

Break of the 1.1000 level see the downside checked at 1.0957 low. The long lower wick suggest scope to retrace the recent fall from the 1.1376 high. Resistance is at 1.1060 and see lift over this needed to trigger stronger recovery to the 1.1100/39 area. Failure to hold 1.0957 will trigger deeper pullback to the 1.0800 level. [PL]

EURUSD


EUR/CHF Daily

Staging recovery from the 1.0865 low to regain the 1.0900 level though above this see resistance starting at 1.0916 then the 1.0950, recent low. While the latter caps risk is seen for further setback to the 1.0865 low. Lower will see scope to 1.0827 and the 1.0800 level. [PL]

EURCHF


USD/CHF Daily

Follow-through below the .9900 level to break the .9876 support triggers a top pattern at the 1.0004 high and see deeper setback to reach .9853 low. Below this will see return to the .9800 level then the 200-day MA at .9762. Upside see resistance now at .9918 and .9953 protecting the 1.0004 high. [PL]

USDCHF


GBP/USD Daily

Intraday trade tight in consolidation, lacking any recovery strength and shorts stay in play with break of 1.3880 support to trigger extension to 1.3844 then 1.3800. Only lift above yesterday's high of 1.4028 to ease downside pressure and inspire rebound. [W.T]

GBPUSD


USD/JPY Daily

Regaining the 112.00 level seen extending bounce from the 111.04 low and see scope to target 112.80 next. Beyond this will see stronger recovery to the 113.38/60 area and 114.00 level. Support now at the 112.00 level and 111.50 now protecting the 110.99 low. [PL]

USDJPY


EUR/GBP Daily

Break to fresh high above the .7900 level reached .7925 high and see scope to target .7955 then the .8000 level. Beyond this will see scope to .8050, the 10-mth base measuring objective. Further out is the .8100 level to correct 61.8% of the 2013/2015 decline. Support now at .7845 and .7776. [PL]

EURGBP

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


Recommended Content

Editors’ Picks

EUR/USD stabilizes near 1.0800 as trading action turns subdued

EUR/USD stabilizes near 1.0800 as trading action turns subdued

EUR/USD holds steady near 1.0800 on Thursday and remains on track to end the day in negative territory following upbeat macroeconomic data releases from the US. The action in financial markets turn subdued as trading volumes thin out heading into Easter holiday.

EUR/USD News

GBP/USD extends sideways grind above 1.2600

GBP/USD extends sideways grind above 1.2600

GBP/USD fluctuates in a narrow channel above 1.2600 on Thursday. The better-than-expected Initial Jobless Claims data from the US and the upward revision to the Q4 GDP growth help the USD stay resilient against its rivals and limits the pair's upside.

GBP/USD News

Gold pulls away from daily highs, holds above $2,200

Gold pulls away from daily highs, holds above $2,200

Gold retreats from daily highs but holds comfortably above $2,200 in the American session on Thursday. The benchmark 10-year US Treasury bond yield stays near 4.2% after upbeat US data and makes it difficult for XAU/USD to gather further bullish momentum.

Gold News

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP price falls to $0.60 support as Ripple ruling doesn’t help Coinbase lawsuit against SEC

XRP programmatic sales ruling by Judge Torres was completely rejected by another US Court that ruled in favor of the SEC in a lawsuit against Coinbase. 

Read more

Portfolio rebalancing and reflation trades emerge into Q2

Portfolio rebalancing and reflation trades emerge into Q2

Yesterday’s price action pointed at a possible end-of-quarter portfolio rebalancing as the session saw the laggards of the quarter like Apple and Tesla gain, and the stars like Microsoft and Nvidia retreat.

Read more

Majors

Cryptocurrencies

Signatures