Danske Research Team
Danske Bank A/S
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EUR/USD
Keeping below the 1.1400 level following rejection from the 1.1465 high and see the 1.1327 support under threat. Break of the latter will fade the upside pressure and swing focus lower towards the 1.1300 level and 1.1218 support. Above 1.1400/20 needed to revive upside focus. [PL]
EUR/CHF
Steady within a narrow range following bounce from the 1.0843 low last week. Upside still limited with resistance starting at 1.0900/13 area and lift over this needed to clear the way for stronger recovery to 1.0933 then 1.0954 high. Below 1.0843 will expose the 1.0821/10 lows. [PL]
USD/CHF
Recent weakness finally finding traction at the .9500 level and bounce eye recovery above the .9600 level. Lift over this will expose strong resistance at the .9651/61 recent lows. Would need to regain this to trigger stronger recovery. Support at .9494/76 lows now protecting the downside. [PL]
GBP/USD
Spurred by the appearance of a High-wave candle set last session, intraday trade settled into consolidation but still well-confined within the perimeters of a wider 1-1/2 month symmetrical-triangle and breakout will provide directional signals . [W.T]
USD/JPY
Staging recovery from the 107.63 low though the upside seen limited. Resistance is at 109.10 and lift over this needed to trigger stronger recovery towards strong resistance at the 110.00 level and 110.67. Support now at 108.10/00 then the 107.63 low. [PL]
EUR/GBP
Follow-through below the .8000 level triggers deeper pullback from the .8117 high. Below the .7960 support see the Mar/Feb highs at .7947/29 to watch as break here will trigger deeper retrace of the up-leg from the Nov low. Resistance now at .8046 then the .8117 high. [PL]
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