| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Neutral |
| Alligator(13;8;5) | Sell | Sell | Buy |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇒ |
The EUR/DKK exchange rate continued to trade below the psychological level at 7.4740.
Note that the currency pair is pressured by the 55-, 100– and 200-hour moving averages, currently located in the 7.4710 area. Thus, some downside potential could prevail in the market. In this case the pair would have to surpass the support level—the Fibo 23.60% at 7.4644.
On the other hand, the exchange rate could continue to trade sideways in the 7.4660/7.4740 area in the medium term.