EUR/USD outlook

EUR/USD outlook: Intraday 2510-32 is key level. Targets below are 2492, 2464, 2446, 2424 and 2397. Above targets are 2559, 2572-86 and 2618. Today’s sensible range is 2446-2559. If gold stays above 1668 and S&P stay above 1407, sensible range should be considered as 2492-2586. If the market goes out of these ranges stay away from it as that will be an abnormal behavior from intraday trading perspective. It is expected that market remains in a very narrow range due to low volume expectations today.

From trend follow-up perspective important closing rates are > or < areas of 2514 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.