EUR/USD
outlook: Intraday 2707 is key level. Targets below are 2679, 2618 and 2580. Above
targets are 2819, 2871, 2897 and 2920. Today’s sensible range is 2618-2819. If gold stays
above 1549, sensible range should be considered as 2679-2871. Market is rightly headed towards what I
had been saying on the blog since 11th May and the clients had been
notified of this movement way before that break of 2871 will take it steep down
to 2618-2580 level ultimately. Also, we notified that below 3023, EUR/USD will
have little safe haven status and might panic other currencies against dollar
and also the commodities. 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 and 2871. 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.
From trend follow-up perspective important closing rates are areas of 3023 and 2871. 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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