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
Edged back from the 1.1242 high but upside stays in focus following rebound from the 1.1058 support yesterday. Break of the 1.1218 high see bulls back in focus and further strength will see trendline from the Aug high coming into play at 1.1310. Beyond this is the 1.1376 high. Support now at 1.1190 and 1.1125. [PL]
EUR/CHF
Firmer in range from the 1.0940/35 support though the lack of momentum keep range extension in play. Upside seen limited with resistance at 1.0992 then the 1.1023 high. Would take break of 1.0935 to expose the 1.0893 low of last week to retest and see scope for deeper pullback. [PL]
USD/CHF
Rejection from the .9914 high yesterday see resumption of the drop from the 1.0093 high of last week to reach .9750 low. Risk seen for further weakness to the .9700 level then .9661 low. The 200-day MA at .9799 now first resistance ahead of the .9914 high. [PL]
GBP/USD
Sharp rebound towards closing last session in the appearance of a Piercing-pattern is shifting trade into consolidation and now confined within the wider and stronger 1.4053-1.4437 band and breakout will provide clearer signals. [W.T]
USD/JPY
Follow-through from the 113.82 high to break the 112.23/16 range lows has seen the 112.00 level breached. Sustained break here will see return to the 111.00 level and see risk for bear extension to target the 110.00 level. Upside seen limited with resistance now at 113.00 level then 113.82 high. [PL]
EUR/GBP
Break above the .7848 high of last week return focus to the Feb highs at .7898 and .7929. Clearance here will see further recovery to the .8000 level then the .8050 level, objective of a 10-mth bottom pattern seen Mar through Dec 2015. Downside see support now at .7790 and .7736. [PL]
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