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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 27, 2012

EUR/USD outlook


EUR/USD outlook: Intraday 3185-3208 is key level. Targets below are 3174, 3146-52, 3126-35 and 3107. Above targets are 3250, 3280, 3294 and 3332. Today’s sensible range is 3126-3250. If gold stays above 1640, upside might be extended to 3280 but chances seem less as Spain rating has been cut second time by S&P. 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 3146, 3250 and 3330. 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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