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
Trying to recover from the 1.0990 low which stands just above strong support at the 1.0985/68, Jan highs. Would take break to weaken and trigger deeper setback. Higher low sought for renewed strength later with resistance now at 1.1067 then the 1.1100/39 area. [PL]
USD/CHF Daily
Rejection from parity level has seen setback to the .9900 level and see the .9876 low to watch. Below the latter will trigger a top pattern and return focus to the downside towards the .9800 level. Resistance now at .9969 then the 1.0004 high. [PL]
USD/JPY Daily
Down to pressure the 111.67 low and break here will expose the 110.99 low to retest. Failure to hold the latter will see further decline to target the 110.00 level. Bears stays firmly in control with resistance now at 112.31 and 112.80 then the 113.38/60 area. [PL]
EUR/CHF Daily
Clear break of the 1.1000 has seen follow-through to take out the 1.0950 support before stabilising at 1.0908 low. Break of the 1.0900 level will see deeper pullback to 1.0870 and 1.0827 support. Bounce see resistance now at the 1.0950/65 area then the 1.1000 level. [PL]
GBP/USD Daily
Decline extending during intraday trading with 1.4000 support taken out and provide the opportunity for further weakening to 1.3958 and break will open downside to 1.3844. Only lift above 1.4080 resistance to inspire corrective bounce. [W.T]
EUR/GBP Daily
Follow-through above the .7845 high of last week expose the .7898 high to retest. Break here will clear the way to the .8000 level. Beyond this will target .8050, the 10-mth base measuring objective. Support starts at .7776 then the .7708 and .7696 lows, now protecting the downside. [PL]
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