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
Break above 1.1368 extending up-leg from the 1.1217 low and see the 1.1400 level now within reach. Beyond this will clear the way for retest of the 1.1465 high and see scope to target the 1.1500 level. Support at the 1.1300 level and 1.1272 seen sustaining the up-leg from 1.1217 low. [PL]
USD/CHF
Pressure stays on the downside to extend the drop from .9797 high of last week and see scope to target .9625/00 area then the .9585 low of last week. Upside see resistance now at the .9700 level and .9753. Would need lift over these to fade downside pressure and see return to the .9800 level. [PL]
USD/JPY
Failed to hold the 107.77/63 lows and follow-through see the 107.00 level now at risk. Below this will see scope to target 106.55 to retrace 38.2% of the 2011/2015 up-leg. Upside see resistance now at the 107.87/108.00 area, lift over this needed to ease downside pressure. [PL]
EUR/CHF
Settled back in range after failing to clear the 1.1016 high of last week. Support is at the 1.0964 low and swing below this will see deeper pullback to the 1.0930/00 area. Upside see break of the 1.1016/23 highs needed to see strength to the 1.1061 resistance. [PL]
GBP/USD
Intraday trade exposed crack above 1.4640 resistance and helping bulls gain footing with next hurdle at 1.4668 targeted ahead of 1.4786. Only setback below last session's low of 1.4524 to fade current upside risk. [W.T]
EUR/GBP
Recovery from the .7735 low see upside checked at the .7800 level. Would need lift over this and the .7812 resistance to get stronger recovery underway towards the .7855 then the .7900/25 resistance. Bear flag on the daily chart see risk for break of the .7735 to trigger deeper pullback to target the .7700 level and .7684. [PL]
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