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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Monday, June 4, 2012

EUR/USD outlook


EUR/USD outlook: Intraday 2384-96 is key level. Targets below are 2321 and 2274. Above targets are 2458, 2513 and 2544-58. Today’s sensible range is 2384-2513. If gold stays below 1599 and S&P stay below 1287, sensible range should be considered as 2321-2458. 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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