Daily Signals: Waiting For Breakouts
As for our daily trading signals, the EUR/USD performed quiet well during the last days despite its tight trading range. Currently our monthly performance stands at 111 pips profit only for the pair EUR/USD. Trading the GBP/USD has however proved to be more difficult with more false breakouts due to a very narrow trading range. We will wait for sustained breakouts of the cable’s sideways range between 1.28 and 1.25.
The DAX recovered some of its recent losses and is currently trading above 16700. We will focus on a significant break above 16820 in order to buy the index towards a test of 17000.
Daily Forex and DAX Signals:
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Our trading ideas for today 24/1/24:
EUR/USD
Long @ 1.0910
Short @ 1.0840
GBP/USD
Long @ 1.2715
Short @ 1.2680
DAX® (GER40)
Long @ 16790
Short @ 16660
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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