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:


Long @ 1.0270

Short @ 1.0240


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.

We wish you good trades!

Any and all liability of the author is excluded.

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