Further Corrections Ahead?
The DAX slid towards 16050 and thus, touched the support area between 16150 and 16000. Let’s see whether the index can hold above that support.
After the euro’s touched its recent high at 1.0970 against the U.S. dollar, we saw a correction towards 1.09. The correction may deepen towards 1.0850 before we see a next bull attempt.
In the GBP/USD we anticipate a further correction towards 1.2650.
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Our trading ideas for today 21/6/23:
EUR/USD
Long @ 1.0925
Short @ 1.0880
GBP/USD
Long @ 1.2810
Short @ 1.2735
DAX® (GER40)
Long @ 16210
Short @ 16070
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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