Daily Forex Signals
Dear traders,
The U.S. dollar retreated Tuesday and thus, both EUR/USD and GBP/USD ended the trading day in higher territory.
EUR/USD bounced back from a low at 1.1991 as the European Central Bank scales back the pace of its pandemic emergency purchase program (PEPP) for the third consecutive week. Looking at the daily chart, chances seem to be in favor of the bulls right now with near-term bullish targets being at 1.2185 and 1.2220. For bearish action to accelerate we will need to see a break below 1.1980.
As for GBP/USD trades we also expect the near-term chances being in favor of further bullish price action with a higher target seen at 1.40. If the cable is even able to take out the 1.40-barrier, we see a next bullish target at 1.4040. A support is however seen at around 1.3840.
Daily Forex Signals:
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EUR/USD
Long @ 1.2110
Short @ 1.2065
GBP/USD
Long @ 1.3990
Short @ 1.3925
DAX® (GER30)
Long @ 14130
Short @ 14010
Monthly results 2021:
February 2021: +42 pips
January 2021: +472 pips
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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