EUR/USD And GBP/USD Correct Toward Support Levels
The GBP/USD hit 1.28 before the price reversed. This morning, we see the cable trading around 1.27 while a lower support is seen at 1.26.
The euro is currently testing the 1.08-support on its hold. Falling below 1.0760 could lead to a steeper fall towards 1.07. Bullish attempts may be unattractive below 1.0910.
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Our trading ideas for today 30/5/24:
EUR/USD
Long @ 1.0860
Short @ 1.0780
GBP/USD
Long @ 1.2715
Short @ 1.2670
DAX® (GER40)
Long @ 18430
Short @ 18370
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.
