Forex, DAX and Crypto Trading Ideas 17/2/22

The FOMC minutes didn’t deliver much of a surprise, especially not for the hawks. A March liftoff is on the table but this is nothing the market had not already anticipated. The U.S. dollar further weakened following the minutes.

EUR/USD: As long as the pair remains above 1.13, we expect further gains towards 1.1450. Below 1.1270, we pencil in a lower target at 1.1170.

GBP/USD: Holding above 1.35 suggests further gains towards 1.3650. Bears on the other side will wait for a break below 1.3480 and further 1.34.

Our trading ideas for 17/2/22:

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EUR/USD

Long @ 1.1375

Short @ 1.1315

GBP/USD

Long @ 1.3610

Short @ 1.3540

DAX® (GER30)

Long @ 15370 Trade has hit our profit target

Short @ 15320

ETH/USD

Long @ 3120

Short @ 3080

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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