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
Poised just below the 1.1342 with consolidation tracing out a small pennant pattern and scope seen for break higher to target the 1.1376, Feb high. Above this will clear the way to the 1.1460/95, Sep/Oct highs. Support now at 1.1280/42 area and 1.1218. [PL]
EUR/CHF
Faltered ahead of the 1.1000 level and rejection from 1.0996 high keep the 1.1023 high out of reach. More consolidation seen for now and break of the 1.0922 and 1.0893 support needed to weaken and see return to the 1.0810 low and see resumption of the drop from 1.1200 high. [PL]
USD/CHF
Sharp drop to break .9661 low reached fresh low at .9651. Below this see trendline from the May 2015 low at .9620 now within reach. Break here will trigger further decline to the .9600 level then .9476 support. Resistance now at .9750 then the .9800 level/200-day MA. [PL]
GBP/USD
Intraday retreat to attract buyers with the strong rallies last 2 sessions keeping upside momentum in play and push above 1.4516 resistance will trigger renewed strength to 1.4578 then 1.4592. Only dip below 1.4284 support to help bears reverse current rebound. [W.T]
USD/JPY
Steadied at the 110.67 low with consolidation above this tracing out a pennant pattern. Risk stays on the downside and breakdown will see further weakness to the 110.00 level. Upside seen limited with resistance now at 112.00/23 area and 112.63. [PL]
EUR/GBP
Pressure returning to the .7800 level following rejection from the .7912 high. This keep the .7929 Feb high out of reach and see risk for deeper setback with the .7790 support to watch. Break here will see setback to .7736/00 area then .7652 low. Resistance now at .7848 then the .7912/29 highs. [PL]
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