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
Settling back from the 1.1365 high to consolidate strong rally this week. Upside see the 1.1376 high now within reach and clearance will see bull extension to target the 1.1400 level. Beyond this will shift focus to the 1.1460/95 highs. First support now at the 1.1300 level then the 1.1220/00 area. [PL]
USD/CHF
Break of the .9661/51 lows saw spike to fresh low at .9593. Rebound there signal a long lower wick and suggest further weakness now on hold. Regaining the .9651/61 recent lows will see room for stronger recovery to .9723 and .9763. Beyond this see strong resistance at .9788 then the 200-day MA at .9820. [PL]
USD/JPY
Pressure stays on the downside and see risk for break of the 112.00 level to see return to the 111.00 level then the 110.67 low. Bounce high at 112.68 marks initial resistance and lift over this and the 113.00 level needed to fade downside pressure for return to the 114.00 level. [PL]
EUR/CHF
Edging higher as break of the 1.0925 see stronger recovery to the 1.0944 resistance. Break here will see scope to retest the 1.0996 and 1.1023 highs. Only swing below the 1.0900 level will expose the 1.0885/75 support. Failure here will weaken and see return to 1.0821 and 1.0810 lows. [PL]
GBP/USD
Spurred by the bearish implication of Shooting-star last session, intraday trade exposed weakness with prices sinking towards intraday support at 1.4308 and break to expose 1.4260 then 1.4195. Only lilft above intraday hurdle at 1.4395 to ease downside pressure. [W.T]
EUR/GBP
Pressure returning to the upside following bounce from the .7831 low and regaining the .7900 level will expose the .7929/47 highs to retest. Clearance will see resumption of the underlying bull trend and shift focus to the .8000 level. Beyond this see potential to .8050 objective. Support now at .7860 then .7831 low. [PL]
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