DAX: Bullish Breakout In The Making?

Today is our last trading day for the time being. Meanwhile, we look back at the month of July, which was characterized by losses and consolidations. While the EUR/USD traded quite well, we had to record losses with the DAX. But even such months are part of trading, albeit painful.

The U.S. PCE Index at 12:30 UTC could be of importance today in terms of movements in the U.S. dollar.


It sees as if bulls are working on a bullish breakout above 13500. If this happens, we may see a run for 14000. On the downside, the 13000-mark remains of major importance.

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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