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
Retains a firm tone above the 1.1400 level though the upside kept in check at the 1.1454 high so far. Break here is needed to expose the Oct high at 1.1495 to retest. Beyond this will return focus to the 1.1714, Aug high. Only below the 1.1327 support will fade upside pressure and swing focus lower. [PL]
EUR/CHF
Higher in consolidation from the 1.0843 low of last week but risk is seen for break to see further decline to retest the 1.0821/10 lows. Resistance is at 1.0900/13 area and lift over this needed to clear the way for stronger recovery to 1.0933 and 1.0954 high. [PL]
USD/CHF
Still weak and further slippage see the .9494/76 lows now within reach. However, divergence on daily and intraday tools caution bounce with the .9600/26 area to watch as lift over this needed to clear the way for stronger recovery to the .9651/61, recent lows. Below .9476 will see further decline to the .9400 level. [PL]
GBP/USD
Nothing much to add to this morning's view with the swing from last week's low of 1.4006 still in play and break of 1.4287 high set prior session will trigger extension to 1.4322 then daily resistance line behind at 1.4405. [W.T]
USD/JPY
Probes below the 108.00 level see the downside checked at 107.67/63 so far. Consolidation here tracing out a potential bear flag and see risk for break to trigger further decline to the 106.55, 38.2% retracement level. Resistance is at 108.44 and 109.10. [PL]
EUR/GBP
Setback from the .8117 high to break the .8046 support has seen drop to the .8000 level. Follow-through below this will trigger deeper pullback to .7960 then the .7947/29, recent highs. Upside see resistance now at .8046 then the .8117 high. [PL]
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