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
Rejection from the 1.1340 high yesterday see a long upper wick weighing though setback below the 1.1300 level see the downside limited to 1.1280 low so far. Break will see retest of 1.1256 support then the 1.1217 low. Below the latter will trigger further decline to 1.1144. [PL]
USD/CHF
Break of the .9733 support triggers deeper pullback from the .9797 high to the .9700 level to retrace recent strong up-leg from the .9585 low last week. Nearby see strong support at the .9688 recent high which must hold to keep overall focus on the upside. Failure will trigger deeper pullback. [PL]
USD/JPY
Remains in consolidation below the 112.00 level and deeper pullback not ruled out. Below the 11.067 support will see strong support at the 109.90/73 recent highs. Higher low sought for rebound later to retest 111.47 then the 111.91 high. Above the latter and the 112.00 level will trigger further recovery to 112.45/66 area. [PL]
EUR/CHF
Bounce from the 1.0964 low see pressure returning to the 1.1000 level. Above this will see scope for retest of the 1.1016/23 highs and where clearance will shift focus to the 1.1061 resistance. Would take setback to break the 1.0964 low to see room for deeper setback to the 1.0930/00 area. [PL]
GBP/USD
Tight intraday trading providing little change to this morning's view with the upmove from 1.4090 low still in play and push above 1.4640 hurdle will trigger extension to 1.4668 then 1.4786. Only dip below 1.4460 support to turn current upmove around. [W.T]
EUR/GBP
Downside stays in focus to reach .7735 low and below this will target the .7700 level next. Lower will target .7684 which marks 38.2% retrace of the Nov 2015/Apr up-leg. However, divergence building on intraday tools caution bounce with resistance starting at .7812 and lift over this needed to trigger stronger recovery. [PL]
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