Trading Signals Ahead Of U.S. CPI Data

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:

EUR/USD

Long @ 1.0810

Short @ 1.0735

GBP/USD

Long @ 1.2570

Short @ 1.2515

DAX® (GER40)

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!

Any and all liability of the author is excluded.