FxWirePro: USD/DKK tumbles to 2-week trough, dip till 6.8490 likely

• The Danish Krone consolidated within narrow after rising to a 2-week peak earlier in the session.
   
• Investors now await Denmark's business confidence data due tomorrow for further clues on the strength of the economy. 
   
• Danish business confidence is expected to come in at -7 in February after falling to -9 in January. 
   
• USD/DKK is trading flat at 6.8672, having hit low of 6.8560 earlier, its lowest since Feb. 12.
   
• Momentum indicators are turning bearish - RSI point south, MACD supports downside and Stochs are biased lower.
   
• Immediate resistance is located at  6.8853 (7-EMA), close above could take it till 6.8949 (10-DMA). 
   
• On the downside, support is seen at 6.8490 (21-EMA), and any break below will take it till 6.8412.
   

Recommendation: Good to sell on rallies around 5.8653, with stop loss of 6.8754 and target price of 6.8490.