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
Bulls stays in focus and clearing the 1.1438 high will see scope for retest of the 1.1460/95, Sep/Oct highs. Stretched intraday tools caution pullback though the downside seen limited with support starting at 1.1335 then the 1.1300 level. [PL]
USD/CHF
Pressure stays on the downside with break of the .9600 level last week shifting focus to the .9500 level then .9476, Oct low. Upside seen limited with resistance starting at .9626 then the .9651/61 recent lows. Regaining the latter needed to fade the downside pressure and trigger recovery. [PL]
USD/JPY
Pressure stays on the downside to reach 111.32 low following the breakdown from the 112.00 level on Fri. Below the latter return focus to the 111.00 level then the 110.67 low. Resistance now at the 112.00 level then the 112.45/66 area. Would need to regain the latter to fade downside pressure. [PL]
EUR/CHF
Lower in range from the 1.0954 high but the downside still limited and see break of the 1.0900 level needed to expose the 1.0885/75 lows to retest. Would take break of the latter to weaken and see return to the 1.0821 and 1.0810 lows. Lift over 1.0954 high needed to see scope to target the 1.1000 level. [PL]
GBP/USD
View unchanged from this morning with the sharp decline last Friday retaining downside pressure towards the daily support line at 1.4143 and break will encourage further selling to 1.4053 stronger support. Intraday trade to attract sellers. [W.T]
EUR/GBP
Rally to break the .7929/47 highs saw bull extension to .8020 high on Fri. Beyond this will target .8050, being objective of a 10-mth bottom pattern seen in 2015. Stretched intraday tools caution pullback with support starting at the .7947/29 recent highs. Below these will see room to .7870 then .7831 low. [PL]
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