We got what we were looking for in yesterday’s analysis: A profitable breakout in the DAX with a confirmed target at 16200. What’s next? We expect the index to remain between 16300 and 16200 for now. Falling below 16200 could see a correction towards the support at 16000.
All eyes will be on the U.S. CPI data due for release today at 12:30 UTC. If CPI data is notably different to expectations, we could see unexpected price swings in the U.S. dollar.
Daily Forex and DAX Signals:
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Our trading ideas for today 13/6/23:
Long @ 1.0810
Short @ 1.0735
Long @ 1.2570
Short @ 1.2515
Long @ 16230
Short @ 16180
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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