EUR/USD outlook

EUR/USD outlook: Intraday 2431-60 is key level. Targets below are 2415, 2361 and 2286-95. Above targets are 2498, 2514-29, 2549-57 and 2580. Today’s sensible range is 2431-2580. If gold stays below 1618 and S&P stay below 1274, sensible range should be considered as 2361-2549. 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 2431. 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.