Daily Forex Signals
Dear traders,
The euro did not surprise traders and rallied after the European Central Bank decided to keep interest rates and stimulus efforts unchanged. However, the 1.2170-mark proved to be challenging – as expected – and the euro bounced off that short-term resistance level.
As we wrote in yesterday’s post, chances are still in favor of the bulls but be careful – gains could be limited.
While maintaining the ECB’s stimulus after the December boost is good news, ECB President Christine Lagarde warned that the euro-area economy is headed for a double-dip recession.
The resilient euro doesn’t seem to confirm these warnings.
Have a beautiful and healthy weekend everyone!
Daily Forex Signals:
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EUR/USD
Long @ 1.2180
Short @ 1.2135
GBP/USD
Long @ 1.3715
Short @ 1.3665
DAX® (GER30)
Long @ 13920
Short @ 13840
Results 2020:
December 2020: +318 pips
November 2020: +75 pips
October 2020: +432 pips
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We wish you good trades!
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