EUR/USD outlook

EUR/USD outlook: Intraday 2562-2580 is key level. Targets below are 2515, 2482 and 2451. Above targets are 2618, 2683 and 2755. Today’s sensible range is 2515-2683. If gold stays below 1562 and S&P stay below 1319, sensible range should be considered as 2482-2618 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.