DAX Tests 15200, Pound Sterling Above 1.23

After several lossmaking fakeouts this week the DAX finally broke above 15200 and is currently testing that level on its hold as a higher support. If the price area between 15150 and 15200 holds, we may see a further leg up towards 15500. On the other side, a significant breakout below 15000 would change the sentiment in favor of the bears.

The best performer yesterday was the British pound which erased previous losses and climbed up to 1.23. Above 1.22, a next higher target is seen at 1.2450.

DAX® (GER40)

Long @ 15230

Short @ 15130

Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40

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.

Any and all liability of the author is excluded.

Copyright © All Rights Reserved 2023 MaiMarFX.


Follow us on social media: