| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Buy | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇘ | ⇗ | ⇗ |
The Euro has been appreciating gradually against the Danish Krone since the beginning of November. As apparent on the chart, the EUR/DKK currency pair is testing the monthly PP at 7.4722.
Note that the exchange rate is supported by the 55-, 100– and 200-hour moving averages, currently located circa 7.4720. Therefore, it is likely that some upside potential could prevail in the market.
However, note that the currency pair is pressured by the Fibonacci 0.00% retracement at 7.4736. If the given level holds, it is likely a reversal south could occur in the nearest future. A potential downside target is the Fibonacci 23.60% retracement at 7.4640.