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
Ranging action persist below the 1.1400 level and keep the 1.1438 high out of reach for now. Narrow range see the downside limited as well and hold above the 1.1335 support keep overall focus on the upside. Would take break of the latter to trigger stronger pullback to the 1.1300 level. [PL]
USD/CHF
Still struggling for traction below the .9600 level though divergence on intraday tools caution bounce to consolidate the down-leg from .9788 high of last week. Would need to regain the .9600/26 area to see room for stronger recovery to the .9651/61 recent lows. Above the latter needed to fade downside pressure. [PL]
USD/JPY
Off the 109.95 low to consolidate the drop from 113.80 high last week but upside seen limited with resistance now at 111.00/10 area and 111.75. While the 112.00 level caps, lower high sought to further pressure the downside and risk seen for break lower to extend deeper pullback. [PL]
EUR/CHF
Setback to break the 1.0900 level see pressure returning to the 1.0885/75 lows. Break here will see test of the 200-day MA at 1.0849 then the 1.0821 and 1.0810 lows. Upside seen limited with resistance now at 1.0906 then the 1.0954 high, now out of reach. [PL]
GBP/USD
Spurred by the sharp decline last session below daily support line and negative cross-over seen on daily MACD, intraday trade remains subdued and poised for further setback towards next target at 1.4053. Shorts favoured. [W.T]
EUR/GBP
Bulls stays in control to reach .8055 high and upside momentum showing no signs slowing. Nearby see strong resistance at the .8100 level being 61.8% of the 2013/2015 down-leg. Beyond this see trendline from the 2008 high coming into play at .8170. Support now at .7960 then .7947/29 recent highs. [PL]
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