Will The Dax’s Steep Rise Continue?
While the EUR/USD and GBP/USD ended yesterday’s trading day fundamentally unchanged, the DAX continued its rise to a record high of 17602. Our long entry at 17440 has thus proved highly profitable. While we doubt that this steep rise will last for long, we will focus on a crucial support area coming in at around 17100.
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Our trading ideas for today 28/2/24:
EUR/USD
Long @ 1.0885
Short @ 1.0810
GBP/USD
Long @ 1.2710
Short @ 1.2635
DAX® (GER40)
Long @ 17620
Short @ 17540
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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