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
Keeping below the 1.1218 high to consolidate sharp rally from the 1.0822 low. Dips see support now at 1.1115 then the 1.1058/45 area, seen protecting the downside. Higher low sought for renewed strength later and sustained break of the 1.1200 level will see strength to target 1.1246 then the 1.1300 level. [PL]
USD/CHF
Edged off the .9810 low to consolidate the sharp reversal from 1.0093 high yesterday. The upside see resistance now at the .9900 level and consolidation seen giving way to renewed selling pressure later. Below the .9800 level will see further decline to the .9790/62 area. Further out is the .9700 level and .9661 low. [PL]
USD/JPY
Staging recovery from 112.61 which keep the 112.23/16 lows out of reach and see scope for further upside test towards the 114.00 level. Clearance here needed to expose the 114.45/56 and 114.87 highs to retest. Only below the 112.00 level weakens and return focus to the 111.00 level. [PL]
EUR/CHF
Sharply higher to regain the 1.1000 level following rebound from 1.0893 low to extend up-leg from the 1.0810 low of last week. Higher will see strength to target 1.1061 and 1.1100 level. Support starts at the 1.0975/50 area then 1.0893 low, now protecting the downside. [PL]
GBP/USD
View unchanged from this morning with the strong snap back from last session's low of 1.4118 towards closing and breach of daily down trendline are exposing support for this currency pair and further push above yesterday's high of 1.4317 will trigger gain to 1.4352 then 1.4409. [W.T]
EUR/GBP
Deeper pullback checked at .7652 low ahead of rebound to regain the .7800 level. Above the .7848 high will see retest of the .7900 level then .7929 high. Clearance will see resumption of the broader recovery from .6983 low and shift focus to the .8000 level. Support now at .7757 then the .7691/52 lows. [PL]
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