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
Settling back from the 1.0973 high to consolidate bounce from the 1.0826 low. Further strength not ruled out to retrace recent steep drop from the 1.1376 high. Higher will see scope to the 1.1000 level then strong resistance at the 1.1046/68 area. Dips see support now at 1.0912 and 1.0875. [PL]
USD/CHF Daily
Break of the .9949 support has seen setback to reach .9892 low though not follow-through as yet which keep the .9871/53 support out of reach for now. Would take break to trigger deeper pullback. Upside see resistance now at .9949 then the parity level and 1.0038 high. [PL]
USD/JPY Daily
Remains within the 114.56/113.22 range and hold above the 113.22 support seen sustaining the upside focus from the 111.04 low of last week. Need lift over the 114.00 level and 114.56 high to clear the way for retest of 114.87 resistance. Below 113.22 see more support at 112.16. [PL]
EUR/CHF Daily
Higher in consolidation above the 1.0810 low though the resulting pennant pattern see risk for break to further extend the drop from the 1.1200, Feb high. Below the 1.0800 level will expose the 1.0778/56 and 1.0737 lows. Resistance now at 1.0885/900 area and lift over this needed to see room for stronger recovery. [PL]
GBP/USD Daily
Intraday trade tight but still keeping the corrective upmove on firm footing, supported by the positive stance seen on daily tools and targets the daily down trendline at 1.4352. Only drop below yesterday's low of 1.4033 to reverse current rebound. [W.T]
EUR/GBP Daily
Steady in consolidation above the .7691 low but upside seen limited with resistance now at .7758 and .7814. Lower high sought to further pressure the .7696/66 support and where break will trigger a top pattern and see deeper setback to retrace strong up-leg from .6983, Nov low. [PL]
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