The euro held above 1.07 even though it slipped shortly below 1.07 on Tuesday. However, as long as the euro remains trading above the 1.07-support, we see the recent upward trend channel intact. For now, a next leg up is possible towards the 1.09-barrier.
We have been able to pocket some small profit by using yesterday’s long entry at 1.0740.
GBP/USD: As long as the cable remains within the price range between 1.2450 and 1.1850, technically there is nothing new to report.
DAX: Further bullish potential ahead? A next bullish hurdle is seen at 15600 but if the index takes out that barrier, we may see further gains towards 16000. A short-term support is now seen at 15100.
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