Tight Ranges To Continue – Most Probably

Today we have the U.S. GDP reading on tap (due at 13:30 UTC). However, traders doubt that this reading will generate large market movements since market participants await next week’s exceptional event risk. Investors may not want to risk premature exposure ahead of the FOMC rate decision and U.S. nonfarm payrolls next week.

Daily Forex and DAX Signals:

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Our trading ideas for today 26/1/23:

EUR/USD

Long @ 1.0930

Short @ 1.0880

GBP/USD

Long @ 1.2430

Short @ 1.2360

DAX® (GER40)

Long @ 15190

Short @ 15090

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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