EUR/USD outlook

EUR/USD outlook: Intraday 3885-96 is key level. Targets below are 3865, 3850, 3831-24, 3812 and 3792-78. Above targets are 3921, 3936-43, 3986 and 3998. Today’s sensible range is 3865-3943/86. If gold stays below 1380 and S&P stay below 1854, sensible range should be considered as 3824-3921. If USD/JPY remains below 101.47, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8350 and GBP/USD is in bullish mode, EUR/USD might remain under pressure or vice versa. 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 3936, 3885, 3841 and 3812. 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.