EUR/USD outlook

EUR/USD outlook: Intraday 2580 is key level. Targets below are 2562 and 2514-18. Above targets are 2618, 2675, 2714 and 2787. Today’s sensible range is 2562-2714. If gold stays below 1555 and S&P stay below 1309, sensible range should be considered as 2514-2618 but chances are less. The only doubt is that yesterday’s closing rate was not satisfactory. 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 > or < areas of 2580 and 2618. 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.