FxWirePro: USD/DKK consolidates near 3-week low, intraday bias bearish

• The Danish Krone held firm near a 3-week peak as the dust settled on better-than-expected inflation figures.
   
• USD/DKK is currently trading flat at 6.7653, having hit low of 6.7516 in the prior session, its lowest since September 20.
   
• On Friday, the pair broke below the major support 55-EMA but retraced to close lower at 6.7659.
   
• Momentum indicators are bearish - RSI weak at 44.91, MACD support downside and Stochs are at overbought level
   
• Immediate resistance is located at  6.7931 (21-EMA), close above could take it till 6.8090 (10-DMA). 
   
• On the downside, support is seen at 6.7562 (55-EMA), and any break below will take it till 6.7459/ 6.7393.  
   

Recommendation: Good to sell on rallies around 6.7660, with stop loss of 6.7801 and target price of 6.7393.