The GBP/USD is heading towards 1.30 but caution is warranted. The pair is in overbought territory and 1.30 could act as a short-term resistance after being a former support.
DAX: Instead of falling further, the index climbed back above 15750 and hit 15850. As mentioned on our analysis from Monday we now expect a next higher target to be at 16000 – provided that the 15700-mark holds.
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Our trading ideas for today 12/7/23:
Long @ 1.1040
Short @ 1.0970*
Long @ 1.2965
Short @ 1.2925
Long @ 15880
Short @ 15790
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.
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