BitterSweetMarkets
Short

Re-Testing strong resistance on the USD/DKK.

FX_IDC:USDDKK   US DOLLAR / DANISH KRONE
12 0 1
The Mother of all resistance levels, if we go back 25 years to June 1991, July 1993, July 1997, February 2003             , February 2015 and November 2015 the 7.13000 level (area) has never failed except during the 2000/02 crash where the dollar skyrocketed. As the price is now showing signs of consolidating (yellow box) the recent primary trend (blue arrow) is usually continued. It would be a high probability trade to go short at the Resistance level .
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