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
Downside still limited and bounce from the 1.1120 low keep strong support at the 1.1087/60 area out of reach. Correction from the 1.1376 high seen giving way to renewed strength later and regaining 1.1200 level will revive upside focus and see scope for retest of the 1.1300/20 area then 1.1376 high. [PL]
EUR/CHF Daily
Remains within the 1.1043/1.0950 range area but consolidation seen giving way to selling pressure later. Break of the 1.0950/40 area will see further decline to the 1.0900 level and 1.0870 support. Above 1.1043 needed to trigger stronger recovery to the 1.1100 level. [PL]
USD/CHF Daily
Upside momentum showing signs of slowing following strong run-up from the .9661 low last week. Above the .9900 level will clear the way for further recovery to target .9960 to retrace 50% of the drop from 1.0257 high. First support now at .9847 ahead of the .9791/62 recent highs. Would take break to return focus to the downside. [PL]
GBP/USD Daily
Sharp decline last session keeping intraday trade on a suppressive tone and slippage below yesterday's low of 1.4277 will open downside to 1.4229 then next target at 1.4150. Only lift above 1.4384 resistance to alleviate downside pressure. [W.T]
USD/JPY Daily
Weighing on the 113.60 low following setback from the 114.87 high. Break will see room for stronger pullback to the 113.20/00 support which must hold to sustain correction from the 110.99 low. Resistance now at 114.40 then the 114.87 high. Break will see stronger recovery to 115.00 level and 115.85. [PL]
EUR/GBP Daily
Rebound from the .7696 low keep strong support at the .7666/61 area out of reach and see mkt sustaining strong up-leg from the Nov low. Above the .7800 level clears the way for retest of .7851 then the .7898 high. Only below the .7666/61 support will swing focus lower to the .7600 level. [PL]
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