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
Bounce from the 1.1067 low to regain the 1.1100 level see the upside limited to 1.1139 high so far. Lift over the latter needed to see stronger recovery to the 1.1200/14 resistance. Failure to hold the 1.1060 support and the 200-day MA, now at 1.1049, will see deeper pullback to the 1.0985 support. [PL]
EUR/CHF Daily
Settling back from the 1.1061 high to pressure the 1.1000 level and risk is seen for break to swing focus lower for retest of the 1.0950 low. Break of the latter will extend the broader drop from the 1.2000 high. Would need lift over the 1.1061 high to trigger corrective strength to the 1.1100 level. [PL]
USD/CHF Daily
Rejection from the .9969 high to break the .9900 level see the downside limited to .9888 low so far. Clear break of the latter will confirm a top at the .9969 high and return focus to the downside for retest of the .9800 level. Would need lift over the .9969 high clear the way for return to the 1.0000 level. [PL]
GBP/USD Daily
Intraday trade subdued with prices leaning towards the 1.4235 support and need a sustained push below latter to expose deeper setback to next target at 1.4150. On the upside, lift above last Friday's high of 1.4409 to turn focus higher to 1.4516. [W.T]
USD/JPY Daily
Edged off Fri's 112.31 low but bounce above the 113.00 level limited thus far. Resistance is at 113.38 then the 114.00 level. Regaining these needed to ease downside pressure and clear the way for retest of 114.87 high. Failure to hold the 112.00 level will return focus to the 110.99 low. [PL]
EUR/GBP Daily
Still limited on probes above the .7800 level which keep the .7845 high of last week out of reach. Break needed to see return to the .7898 high. Higher lows at .7708 and .7696 protecting the downside and break needed to trigger a top pattern and swing focus lower to .7666/61 support and .7600 level. [PL]
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