FxWirePro: USD/DKK retreats from 1-1/2 week peak, likely to dip till 6.8357

• The Danish Krone surged, extending previous session gains as the greenback turned lower.  
   
• On Friday, the pair rose as high as 6.8998 but closed 0.35 percent lower at 6.8587.
   
• USD/DKK is trading 0.1 percent down at 6.8548, having hit low of 6.7914 last week, its lowest since Apr. 1.
   
• Currently, 21-EMA is acting as strong support, with technical indicators showing bearish momentum. 
   
• Immediate resistance is located at  6.9009, close above could take it till 6.9179. 
   
• On the downside, support is seen at 6.8357 (21-EMA), and any break below will take it till 6.8274.

Recommendation: Good to sell on rallies around 6.8580, with stop loss of 6.8640 and target price of 6.8357.