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EUR/DKK 4H Chart: Descending tringle pattern in sight

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)SellSellSell
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)SellSellSell
SAR(0.02;0.2)SellSellSell
Aggregate⇘⇘⇘

[ANNOUNCE] Since the end of September, the EUR/DKK currency pair has been trading within a descending triangle pattern. [/ANNOUNCE] 

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.

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USD/CHF 4H Chart: Bears could prevail

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