EUR/USD outlook: Intraday 2535 is key level. Targets below are 2513, 2482, 2444 and 2413. Above targets are 2562, 2580, 2618-25 and 2675. Today’s sensible range is 2513-2625. If gold stays below 1576 and S&P stay below 1324, sensible range should be considered as 2482-2580. The only doubt is that the Friday closing rate was not very impressive. 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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