FxWirePro: Danish Krone off 2-week low on upbeat retail sales

• The Danish Krone rose, retreating from a 2-week low hit in the previous session following the release of upbeat retail sales figures.
   
• Denmark's retail sales increased 0.3 percent in August after tumbling 0.1 percent in the previous month. 
   
• On annualized basis, retail sales increased 0.9 percent in August, following an upwardly revised 2.7 percent rise in July.
   
• USD/DKK is currently trading down at 6.8212, having hit a high of 6.8261 on Wednesday, its highest since September 12. 
   
• Momentum indicators are bullish - RSI strong at 62.87, and Stochs are biased higher, a minor jump likely  
   
• Immediate resistance is located at  6.8287, close above could take it till 6.8370.  
   
• On the downside, support is seen at 6.8042, and any break below will take it till 6.7920.  

Recommendation: Good to sell on rallies around 6.8220, with stop loss of 6.8370.  and target price of 6.7920​,