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
Staging recovery and break above the 1.1050/60 resistance confirms a small bottom pattern at the 1.0957 low. Higher will see scope to the 1.1100/39 area. Only swing below the 1.1000 level and 1.0957 low will weaken and trigger deeper pullback to the 1.0800 level. [PL]
EUR/CHF Daily
Tracing out a small bottom pattern following bounce from the 1.0865 low. Neckline resistance is at 1.0942/48 area and clearance will trigger stronger recovery back to the 1.1000 level. Support now at the 1.0900 level ahead of the 1.0865 low where break is needed to trigger deeper pullback. [PL]
USD/CHF Daily
Pressure returning to the downside after bounce was checked at the .9953 resistance. The .9853 mid-wk low now at risk and break will see return to the .9800 level then the 200-day MA at .9762. Resistance at .9918 and .9953 now protecting the 1.0004 high. [PL]
GBP/USD Daily
Intraday trade firmer in corrective consolidation but with the overall bearish run from 1.4668 high dominating , selling upticks strategy still favoured. Downside break of 1.3880 support will trigger extension to 1.3844 then 1.3800. [W.T]
USD/JPY Daily
Settling back from the 113.22 high but further strength not ruled out. Nearby see strong resistance at the 113.38/60 area and break needed to clear the way back to the 114.00 level. Downside see support now at 112.60 and the 112.00 level. [PL]
EUR/GBP Daily
Settling back from the .7929 high to consolidate the up-leg .7708 low and dips see support now at .7845 then the .7800 level. Higher low sought to further pressure the upside later to target .7955 then the .8000 level. Beyond this will see scope to .8050, the 10-mth base measuring objective. [PL]
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