DAX Holds Above 14000

The GBP/USD slipped again below 1.30 but bearish momentum faded quickly which is why we had to record a stop-loss with our sell position at 1.2985. If the cable now remains above 1.2990, we expect further gains towards 1.31. However, negative headlines about the war in Ukraine will weigh on the current market sentiment.

Trading the DAX paid off while we were able to book a good profit with our yesterday’s sell order. Above 14000 we pencil in a higher target at 14500, whereas below 13950, we will focus on lower price areas such as 13600.

Our adding ideas for today 20/4/22:

Long @ 14210

Short @ 14120

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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