BitterSweetMarkets
Short

Re-Testing strong resistance on the USD/DKK.

FX_IDC:USDDKK   U.S. 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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