Quiet Markets This Week?
Welcome to a new trading week.
The economic data and events calendar is very thin this week and especially U.S. markets could be extra quiet with the Thanksgiving holiday on Thursday. Consequently, trading could be quiet while currency movements might be limited.
The U.S. dollar rose against other counterparts.
Sellers in the EUR/USD are trying to retake control. If the pair drops below 1.0240, we may see a correction towards 1.02 and probably even 1.01.
If the GBP/USD falls below 1.1800, the cable could further correct towards 1.1750 and 1.17.
Our trading ideas for today 21/11/22:
EUR/USD
Long @ 1.0270
Short @ 1.0240
GBP/USD
Long @ 1.1830
Short @ 1.1790
DAX® (GER40)
Long @ 14410
Short @ 14360
Settings for all trades today: Entries from 8:00 am UTC, SL 25, TP 40
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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