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
Still stretching recovery from the 1.1234 low though the upside see resistance at the 1.1327/46 area containing so far. Break here needed to fade the upside pressure and clear the way for stronger recovery to the 1.1400 level. Support now at 1.1270 then the 1.1234/20 area. [PL]
USD/CHF
Break the .9638 support triggers deeper pullback from the .9688 high to reach .9628 low. Lower will see room to the .9600 level then .9594 support. Higher low sought for renewed strength later to retest .9688 high and where clearance will trigger stronger recovery to .9763/88 highs. [PL]
USD/JPY
Extending rebound from the 107.77 Mon's low which stands just above the 107.63 low. Regaining the 109.00 level fades the downside pressure and see scope to retest the 109.73 high. Beyond this will clear the way to the 110.00 level then strong resistance at 110.67. Support now at 108.50 then the 107.77/63 lows. [PL]
EUR/CHF
Settled back in consolidation from the 1.0928 high but upside bias from the 1.0843 low see scope for further recovery to target 1.0933 then 1.0954 high. Below the 1.0900 level see support at 1.0860/43 lows and only break here will weaken and expose the 1.0821/10 lows to retest. [PL]
GBP/USD
Strong rebound from last session's low of 1.4132 in the appearance of an Outside-range is keeping this currency pair on a firm undertone during intraday trading and eyes the 1.4372 resistance and break will trigger more upside potential. [W.T]
EUR/GBP
Rejection from the .7995 resistance has seen setback to break the .7925 low and resume the drop from .8117 high. Nearby see scope to target the .7900 level then .7831 support. Upside see resistance now at .7957 then the .7994 high. [PL]
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