Quiet Trading
As for the price development not much has happened so far this week. Yesterday we saw the euro and British pound correcting some of their losses against the U.S. dollar but movements were limited and thus, not really profitable in terms of our daily signals.
We assume that this minor correction could be extended in very short-term timeframes, with the area at around 1.0750 in the EUR/USD and 1.25-1.2550 in the GBP/USD seen as a next price target within that correction.
However, we recommend traders to not expect too much when no major catalysts are scheduled on the fundamental docket. Better trade with small position or stay on the sidelines until volatility accelerates.
Daily Forex and DAX Signals:
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Our trading ideas for today 18/4/24:
EUR/USD
Long @ 1.0710
Short @ 1.0640
GBP/USD
Long @ 1.2510
Short @ 1.2440
DAX® (GER40)
Long @ 17860
Short @ 17760
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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