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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.

Monday, September 17, 2012

EUR/USD outlook



EUR/USD outlook: Intraday 3120-46 is key level. Targets below are 3092, 3051, 3023 and 2909. Above targets are 3160, 3187 and 3241. Today’s sensible range is 3023-3146. If gold stays above 1771 and S&P stay above 1466, sensible range should be considered as 3092-3187. 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 3146. 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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