Daily Trading Signals

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.

Daily Forex and DAX Signals:

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Our trading ideas for today 12/7/23:

EUR/USD

Long @ 1.1040

Short @ 1.0970*

GBP/USD

Long @ 1.2965

Short @ 1.2925

DAX® (GER40)

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.

We wish you good trades!

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