EUR/USD outlook: Intraday 2452-77 is key level. Targets below are 2437 and 2383. Above targets are 2510-14, 2561 and 2588. Today’s sensible range is 2437-2588. If gold stays below 1561 and S&P stay below 1328, sensible range should be considered as 2383-2510. This currency pair is way down the maximum bottom we forecasted. Below this bottom, Euro seems risky and should appreciate immediately for it to be safe again. 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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