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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.

Friday, April 20, 2012

EUR/USD outlook


EUR/USD outlook: Intraday 3113-3146 is key level. Targets below are 3089 and 3023. Above targets are 3164, 3181, 3210, 3250 and 3330. Today’s sensible range is 3023-3210. If gold stays above 1638-40, downside might be limited to 3089. 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 3023, 3146 and 3250. Note: To know the strategies and directions to trade, maintain your portfolio at Shivani Financial. The analysis given is not trading signals but the market picture.

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