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
Firm in range above the 1.1300 level with higher lows from the Mon's 1.1217 low sustaining the upside focus. Lift above the 1.1362 high needed to target the 1.1400 level and where break will clear the way for retest of the 1.1465 high. Failure to hold the 1.1272 support will leave the way open for return to the 1.1217 low. [PL]
USD/CHF
Setback below the .9700 level slightly breached the .9688 but lack of follow-through keep the downside limited. Bounce see resistance at .9753/67 area and lift over this will return focus to the .9800 level then the 200-day MA at .9837. Break will trigger further recovery. [PL]
USD/JPY
Reversal from the 111.88 intraday high has seen dive through the 110.67 support to reach 108.77 low. Bounce from there to regain the 109.00 level see the 110.00 and 110.67 back as resistance. The break of the 110.00 level return focus to the downside and see risk for retest of the 107.77/63 lows. [PL]
EUR/CHF
Confined within a narrow range though the upside stays in focus following bounce from the 1.0964 low. Above the 1.1000 level will see scope for retest of the 1.1016/23 highs and where clearance will see strength to the 1.1061 resistance. Would take break of the 1.0964 low swing focus lower to the 1.0930/00 area. [PL]
GBP/USD
With upmove hindered by the appearance of a High-wave candle last session, intraday trade remains stuck in tight consolidation and break below 1.4475/60 supports will signal room for deeper setback. Above 1.4640, bulls back in force to 1.4668 then 1.4786. [W.T]
EUR/GBP
Staging recovery from the .7735 low though the upside still limited. Would need lift over the .7800 level and the .7812 resistance to get stronger recovery underway towards the .7855 then the .7900/25 resistance. Below the .7735 low will see scope to target the .7700 level and .7684. [PL]
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