EUR/USD
outlook: Intraday 2556-2585 is key level. Targets below are 2514 and 2452. Above
targets are 2597, 2611-18, 2649 and 2668-72. Today’s sensible range is 2556-2649. If gold stays below
1566 and S&P stay below 1320, sensible range should be considered as 2514-2618. 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.
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