EUR/USD outlook: Intraday 2375-88 is key level. Targets below are 2331-39 and 2279. Above targets are 2424-36, 2450-58, 2485, 2500 and 2515-40. Today’s sensible range is 2331-2485. If gold stays below 1555 and S&P stay below 1317, sensible range should be considered as 2279-2436. This currency pair is way down the maximum bottom we forecasted. Below 2580, 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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