USD/DKK may fall 212 - 299 pips

6.8947 is our pivot point.

Our preference

The downside prevails as long as 6.8947 is resistance.

Alternative scenario

Above 6.8947, look for 6.9093 and 6.9181.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 6.8820 and 6.8821).

Supports and resistances

6.9181 **

6.9093 *

6.8947 **

6.8889

6.8801 last

6.8589

6.8502 **

6.8415 *

6.8328 **

Number of asterisks represents the strength of support and resistance levels.