Wed, 05 Oct 2016 12:50:53 GMT
EUR/DKK 4H Chart: Channel Down
The Euro is depreciating against the Danish Krona in a channel down pattern, as the currency exchange rate trades between various Fibonacci retracements. The Fibonacci retracements connect the June low level of 0.7350 and the drastic July high of 7.4598. It seems that the retracements possess a large degree of influence on the currency pair, as there seems to be