Faster-Than-Expected

The bearish breakout in the DAX (discussed in yesterday’s analysis) happened faster than expected. The index slid even below 14400 amid a high degree of uncertainty in the market.

Given the strength of a bear market, we pencil in lower targets at 14200 and 14000.

Before (21/2/22):

After (22/2/22):

Daily Forex and DAX Signals:

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EUR/USD

Long @ 1.1320

Short @ 1.1275

GBP/USD

Long @ 1.3615

Short @ 1.3565

DAX® (GER30)

Long @ 14420 – 1st trade: -10 points, 2nd trade: +40 points

Short @ 14310

ETH/USD

Long @ 2620

Short @ 2490

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.

We wish you good trades!

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