The following has been paraphrased from the Danske Bank Research Team...
EUR/USDDrifting higher following bounce from the 1.0980 low yesterday. The upside seen limited as well for now with resistance at 1.1060 then the 200-day MA at 1.1080. Would need lift over this to clears the way for retest of the 1.1165/86 highs. Sustained break of the 1.1000 level needed to swing focus to retest 1.0913, Jun low.
USD/CHFFailed to sustain probes above the .9900 level and rejection from the .9907 high see long upper wick weighing on daily chart. Support now at .9837 and .9811 and break here will see deeper pullback to the .9764 low of last week. Clear break over the .9900 level will expose the .9956 high to retest.
Edged off the 105.42 low though reversal from the 107.49 high yesterday weighs see risk for deeper pullback to retrace up-leg from the 100.00 low. Lower will see scope to the 105.00 level and where break will trigger deeper pullback to 104.64 and 103.91 support.
View unchanged from this morning with prices above the 1.3065 support and keeping trade in consolidation and does not rule out the formation of a right shoulder of a bigger inverted Head-shoulder pattern and would need an upside break of 1.3481 hurdle to trigger bullish breakout.