EUR/USD outlook

EUR/USD outlook: Intraday 3900-14 is key level. Targets below are 3882, 3870-65, 3844, 3824 and 3801. Above targets are 3936, 3947, 3961, 3983 and 3998. Today’s sensible range is 3824-3936. If gold stays above 1369 and S&P stay above 1854, sensible range should be considered as 3882-3961. If USD/JPY remains below 101.82, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8359 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, 3865 and 3844. 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.