EUR/USD outlook

EUR/USD outlook: Intraday 2559-64 is key level. Targets below are 2514, 2499, 2465 and 2386. Above targets are 2580-95, 2618 and 2677. Today’s sensible range is 2514-2677. If gold stays below 1625 and S&P stay below 1308, sensible range should be considered as 2465-2580/95. 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.