| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇒ | ⇘ | ⇘ |
The EUR/DKK exchange rate continued to trade downwards within the falling wedge pattern. The rate has already declined below the 7.4570 level.
From a theoretical point of view, it is likely that the currency pair could continue to trade within the given pattern until the beginning of July. Then, a breakout north could follow.
However, note that the exchange rate is pressured by the 55-, 100– and 200-hour moving averages. Thus, a breakout south could occur within the following trading sessions. In this case the rate could gain support from the monthly S2 at 7.4428.