EUR/USD outlook: Intraday 2331-67 is key level. Targets below are 2292-85 and 1879. Above targets are 2388, 2414 and 2427. Today’s sensible range is 2285-2427. If gold stays below 1561 and S&P stay below 1309, Euro will be in panic and below 2285 there seems no barrier till 1879. 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 2285. 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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