EUR/USD outlook

EUR/USD outlook: Intraday 2476-91 is key level. Targets below are 2441-58, 2412 and 2397. Above targets are 2510-15, 2556-68 and 2580. Today’s sensible range is 2441-2580. If gold stays below 1617 and S&P stay below 1282, sensible range should be considered as 2397-2515. 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 2476 and 2580. 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.