Euro And Cable Head For Higher Targets
Both euro and British pound resumed their uptrends while GBP/USD is heading towards 1.42 in early Asia trading this morning. As stated in our analysis from Monday we expect a next target to be at 1.4220 followed by 1.4240.
The EUR/USD trades with a tailwind but failed to provide bulls a sustained profit on Monday. The 1.22-mark remains however a next target for euro bulls.
The Dax trades near its record high at 15518 and every trader is waiting for an upside break of that level to see how much further the index can go.
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