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
Extending bounce from the 1.0860 low and see scope to retest the 1.0985/93 highs. Lift over these and the 1.1000 level will see return to the 1.1060, Dec high. Support now at 1.0855 then the 1.0835/05 area. Only below the 1.0800 level will weaken and return focus to the 1.0711 low. [PL]
EUR/CHF
Keeping below the 1.0965/83 highs and see break here needed to clear the way to the 1.1000 level. Beyond this is the 1.1050, Sep high. The downside still limited and only break of the 1.0900 level will weaken and see deeper pullback to 1.0855/27 area then the 1.0800 level. [PL]
USD/CHF
Settling back from the 1.0082 high to pressure the parity level and risk is seen for break to see return to the .9959 low. Break of the latter will see scope for deeper setback to the .9881/53 lows. Need to hold parity level to allow for retest of the 1.0107 and 1.0125 highs. [PL]
GBP/USD
Sharp reversal from last session's high of 1.4340 is keeping this currency pair on a suppressive tone during intraday trading with bears eyeing next support at 1.4110 and break to extend decline to 1.4000. Only swing above 1.4340/52 hurdles to expose stronger rebound.
USD/JPY
Failure to hold gains above the 118.00 level yesterday and setback to break the 117.00 level see pressure returning to the downside and the 116.51 low back in focus. Below this will expose important support at 116.18 then the 115.86/57, Jan-15/Dec-14 lows. Breakdown will trigger a 13-mth top pattern.
EUR/GBP
Upside stays in focus and rally to break the .7700 level seeing extension to target the .7745/66 area next. Beyond this will see scope to the .7800 level. Support now at .7656 then the .7583 low, now protecting the downside. Would take of the latter to weaken and trigger correction. [PL]
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