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
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.
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