I see an initial sign of dollar getting some strength. As you can see here from weekly chart of USDDKK
, a RSI
divergence is now observed, indicating the bull is about to take control. And if you pull the Fibonacci extension
tool, current price is testing the 0.382 support line, which seems to be a short term resistance observed on week of 8th December 2014. If the retracement indeed happened, I would target the profit to be somewhere around 6.2 level, which was the previous resistance line.
Trade with care and only enter the trade when you see a clear signal.