| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
Since the end of September, the EUR/DKK currency pair has been trading within a descending triangle pattern.
From a theoretical perspective, it is likely that the exchange rate could trade sideways within the given pattern within the following trading sessions. Then, a breakout south could occur, as the rate is pressured by the monthly PP at 7.4458.
In the meantime, the currency pair could gain support from the 200-period moving average near 7.4420. Thus, a breakout north could occur, and the pair could re-test the resistance level—the Fibo 61.80% at 7.4485.