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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Wednesday, February 29, 2012

EUR/USD outlook


EUR/USD outlook:Intraday 3440-50 is key level. Targets below are 3360, 3330 and 3280. Above targets are 3510-20, 3540 and 3590. Break of this will target 3660 weekly high targeted. Today’s sensible range is 3540-3280. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective.

From trend follow-up perspective important closing rates are areas of 3440 and 3510.
Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial.

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