Quiet Trading

Not much is going on in the market with many currency pairs fluctuating in narrow price ranges. And thus, we got no profitable trading chance so far.

The EUR/USD remained trading within 1.1450 and 1.14. A renewed break above 1.1480 could lift the pair upwards towards 1.1520. A slide below 1.1390 however, could lead to a test of the 1.13-support.

The GBP/USD struggled to break significantly above 1.3560. We advise bulls to wait for a clear break above 1.3610 in order to buy sterling toward 1.3670.  Bears on the other side, may wait for a slide below 1.34.

Our trading ideas for today 9/2/22:

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Long @ 1.1435

Short @ 1.1380


Long @ 1.3580

Short @ 1.3525

DAX® (GER30)

Long @ 15390

Short @ 15320


Long @ 3110

Short @ 3070


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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