EUR/USD And GBP/USD Push Higher

The EUR/USD held above 1.05 while the GBP/USD refrained from a downside break below 1.2170. Given that higher support level hold so far, chances are in favor of the bulls right now. Let’s wait and see.

Our trading ideas for today 8/12/22:

EUR/USD

Long @ 1.0525

Short @ 1.0480

GBP/USD

Long @ 1.2215

Short @ 1.2175

DAX® (GER40)

Long @ 14320

Short @ 14260

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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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