The U.S. dollar ended the trading day virtually unchanged against the British pound after the support around 1.4070 has proved to hold – at least for now.
Trading was also relatively quiet in the EUR/USD with the pair fluctuating within a narrow 40-pips-range between 1.2130 and 1.2095. The performance of this pair will now mainly hinge on the demand for U.S. dollars.
DAX: The index tested the 15800-mark while our long entry proved profitable. We now see a next hurdle at 15850 which needs to be broken before the focus shifts towards higher targets. On the downside, we see a current support at around 15500.
Today at 12:30 UTC we will keep an eye on the U.S. Retail Sales report which could impact the greenback ahead of tomorrow’s FOMC decision.
Daily Forex Signals:
If you are keen to know where we put Take-Profit and Stop-Loss, if we trade on a specific day or not and how we manage open positions, subscribe to our signals
We wish you good trades!
Any and all liability of the author is excluded.
Copyright © All Rights Reserved 2021 MaiMarFX.
Follow us on social media: