A Profitable Trading Day
The U.S. dollar declined on the back of subdued U.S. yields while other significant drivers were lacking. The greenback may receive a boost today from the FOMC minutes in the evening.
The EUR/USD surged to a high of 1.0839 and euro bulls were able to profit. Our yesterday’s long entry at 1.0780 hit our profit target at 1.0820.
Also profitable was the trading in the GBP/USD Tuesday. We went long at 1.2610 and took profit at 1.2650.
The situation was different in the DAX where choppy sideways swings have led to two false breakouts and thus, two losing trades.
Daily Forex and DAX Signals:
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Our trading ideas for today 21/2/24:
EUR/USD
Long @ 1.0820
Short @ 1.0770
GBP/USD
Long @ 1.2640
Short @ 1.2585
DAX® (GER40)
Long @ 17110
Short @ 17040
Disclaimer: All trading ideas and expressions of opinion made in the articles are the personal opinion and assumption of MaiMarFX traders. They are not meant to be a solicitation or recommendation to buy or sell a specific financial instrument.
We wish you good trades!
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