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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EUR/USD
Long @ 1.1435
Short @ 1.1380
GBP/USD
Long @ 1.3580
Short @ 1.3525
DAX® (GER30)
Long @ 15390
Short @ 15320
ETH/USD
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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