| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The EUR/DKK exchange rate continued to decline within the falling wedge pattern. The rate has already tumbled below the 7.4540 level.
From a theoretical perspective, it is likely that the currency pair could continue to trade downwards within the given pattern in the medium term. In this case the pair could reach the 7.4460 mark by the end of July.
Meanwhile, note that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs near 7.4530. Thus, a breakout south could occur, and the rate could target the psychological level at 7.4330.