FxWirePro: USD/DKK hovers towards 2-month trough, intraday bias bearish

• The Danish Krone rose, hovering towards a near 2-month high as investors awaited January industrial production figures due tomorrow. 
   
• Denmark's industrial production increased 7.40 percent in December after tumbling 5.6 percent In November. 
   
• The pair continues to consolidate below 200-DMA.
   
• USD/DKK is trading 0.2 percent down at 6.6979, having hit low of 6.6815 on Monday, its lowest since Jan. 7.
   
• Momentum indicators are turning bearish - RSI weak at 32, Stochs are at oversold levels and MACD supports downside.
   
• Immediate resistance is located at  6.7298 (200-DMA), close above could take it till 6.7362 (5-DMA).
   
• On the downside, support is seen at 6.6815, and any break below will take it till 6.6642.
   

Recommendation: Good to sell on rallies around 6.7095, with stop loss of 6.7238 and target price of 6.6815.