EUR/USD outlook

EUR/USD outlook: Intraday 2664-90 is key level. Targets below are 2627, 2612-18 and 2580. Above targets are 2709, 2730, 2760-90 and 2832. Today’s sensible range is 2618-2760. If gold stays below 1565, sensible range should be considered as 2580-2709. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective. Market is rightly headed towards what I had been saying on the blog since 11^th 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.

From trend follow-up perspective important closing rates are > or < areas of 2580, 2618 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.