Mon, 09 Dec 2013 07:55:02 GMT
EUR/DKK 1H Chart: Rising Wedge
A 284-bar long rising wedge pattern shaped by EUR/DKK was started on November 18. Being trapped by two gradually converging lines, the currency pair was unable to perform large fluctuations and was vacillating near its short- and long-term SMAs. Currently, the pair is trading above both SMAs, albeit slightly; the 50-hour SMA is sticking to the pattern's support and coupled