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Trader, analyst and instructor with a 6-year experience

Danske Bank: trade signals for May 7

Open positions:*

EUR/USD: Hold LONG at 1.1160, TAKE PROFIT 1.1450 (revised), STOP LOSS 1.1160 (revised)

USD/JPY: Hold LONG at 119.00, TAKE PROFIT 121.41 (revised), STOP LOSS 119.20 (revised)

GBP/USD: Hold LONG at 1.5105, TAKE PROFIT 1.5304, STOP LOSS 1.5145 (revised)

USD/CHF: Hold SHORT at 0.9445, TAKE PROFIT 0.9046 (revised), STOP LOSS 0.9415 (revised)

AUD/USD:Hold LONG at 0.7950, TAKE PROFIT 0.8182, STOP LOSS 0.7850

EUR/GBP: Hold LONG at 0.7340, TAKE PROFIT 0.7488, STOP LOSS 0.7295

GBP/JPY: Hold LONG at 182.15, TAKE PROFIT 185.05, STOP LOSS 181.30

NZD/USD: Hold SHORT at 0.7600, TAKE PROFIT 0.7392, STOP LOSS 0.7585

Trade ideas:

EUR/JPY: BUY at 134.85 FOR 136.70; STOP AT 134.04

USD/CAD: SELL at 1.2085 FOR 1.1803; STOP AT 1.2140

EUR/CHF: Possibly SELL

EUR/CAD: Possibly SELL

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*Danske Bank applies trailing stop orders (moved together with the price)

EUR
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