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
Consolidation above the 1.1180 low tracing out a flag pattern on daily chart and see risk for break lower to trigger deeper setback to 1.1144 support then 1.1100 level. Resistance is at 1.1256 and lift over this needed to clear the way for stronger recovery to 1.1283 then the 1.1300 level. [PL]
EUR/CHF
Settling back in consolidation from the 1.1129 high though the downside still limited. Higher will see scope to target 1.1166 then the 1.1200, Feb high. Below the 1.1100 level see support at the 1.1065/57 area and break is needed to ease upside pressure and swing focus lower to the 1.1015 low. [PL]
USD/CHF
Recent strong rally stalled at .9923/27 highs and threatens a small top pattern on daily chart. Clearance needed to see further strength to target .9940 then the parity level. Divergence on intraday tools caution pullback with the .9863 and 200-day MA at .9836 to watch as break will swing focus lower to .9800 and .9763 support. [PL]
GBP/USD
Intraday trade in tight consolidation but still retain the downmove from last week's high of 1.4663 and break of 1.4443 support will trigger renewed weakness to 1.4398 then stronger 1.4333. On the upside, lift above 1.4549 hurdle will expose gain to 1.4586 then 1.4613. [W.T]
USD/JPY
Rejection from the 110.59 high to break the 109.65/40 support swing focus back to the downside. Break of the 109.00 level will see deeper pullback to the 108.72/23 area then 107.50 support. Resistance now at the 110.00 level then 110.59 high. [PL]
EUR/GBP
Recovery stalled at .7754 high though scope seen for push high the .7800 level then strong resistance at .7846. While the latter caps risk is seen for setback later to pressure the downside with support now at .7687 then the .7649 low. [PL]
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