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FxWirePro- Woodies pivot (Major) 
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FxWirePro- Woodies pivot (Major) 
- The Danish Krone slumped to a fresh 1-month low following soft Q3 gross domestic product growth rate.
- Denmark’s gross domestic product grew 0.3 percent on quarter in the three months to September, following a 0.9 percent advance in the previous period.
- USD/DKK is currently trading flat at 6.7897, having hit high of 6.7966 earlier, its highest since October 15.
- Momentum indicators are bullish - RSI strong at 60.40, Stochs are at overbought levels and MACD supports upside.
- Immediate resistance is located at 6.8042 close above could take it till 6.8118.
- On the downside, support is seen at 6.7786 (5-DMA), and any break below will take it till 6.7690 (7-EMA).
Recommendation: Good to buy on dips around 6.7870, with stop loss of 6.7786 and target price of 6.8042.
