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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.

Thursday, August 23, 2012

EUR/USD outlook


EUR/USD outlook: Intraday 2559-80 is key level. Targets below are 2514, 2480-93, 2431-49 and 2387. Above targets are 2618 and 2658. Today’s sensible range is 22449-2580. If gold stays above 1648 and S&P stay above 1412, sensible range should be considered as 2514-2618. 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 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.
Location: Karachi, Pakistan

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