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 Daily
Tight intraday trading with the objective of a broken 7-week triangle at 1.1270 still pulling prices higher and ability to clear the latter will warrant higher call to 1.1306 resistance. Only a deeper setback below 1.1070 support to reverse current upmove. [W.T]
EUR/CHF Daily
Bulls extended upmove to 1.1200 high last session but sell-off towards closing in the appearance of a Shooting-star and overbought posture on daily tools are taking some pressure off the upside with intraday trade shifting to consolidation. Break of 1.1100 support will expose room for deeper pullback. [W.T]
USD/CHF Daily
Decline showing no signs of abating with another sharp decline last session below .9959 support and negative cross-over seen on daily MACD and poised for extension to next support at .9881. Only swing above 1.0074 resistance to reverse current downmove. [W.T]
GBP/USD Daily
Strong rally on Wednesday with the positive stance seen on daily tools keeping this corrective upmove from 1.4080 low in play and lift above yesterday's high of 1.4668 will trigger extension to 1.4703 ahead of 1.4786. [W.T]
USD/JPY Daily
View unchanged from this morning with sharp decline last 3 sessions keeping pressure on the downside and eyeing the strong support at 115.98 and would expect the latter to attract profit-taking from existing shorts and hinder further progress beyond the latter. Lift above 118.24 hurdle to trigger a reversal. [W.T]
EUR/GBP Daily
Another strong rally last session with a close above the .7666 resistance turning focus higher towards the recent high of .7756 and this should keep trade on a supportive undertone towards European trading unless prices slip below prior session's low of .7592. [W.T]
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