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Risk warning: Losses could exceed deposits.

The World Cup looms large and so the forex market at least seems to have gone into a little bit of a lull

It doesn’t seem to be much opportunity, just a lot of range-bound trading.

We said this 1.840 level might be at the top it’s not very much the closer we are now but you can see the last three days have been rather quiet.

I’m a little bit hesitant to trade euro just yet, I would prefer price to get closer to this 1840 level and then look to for a short rather than look for a long here.

So I’m going to sit this period out for now.

Cable is similar, I’d look for a short at the 1.3440-1.3450 level.

 

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Market Insights Commentary 27 July 2018

The FX market still looks void of any trading opportunities to me and so I continue to look at the Indices with the DAX in particular looking enticing this morning.

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