EUR/USD outlook

EUR/USD outlook: Intraday 3785-3805 is key level. Targets below are 3767, 3746-33, 3718-12 and 3682. Above targets are 3825, 3843, 3865-76 and 3892. Today’s sensible range is 3746-3825. If gold stays above 1286 and S&P stay above 1879, sensible range should be considered as 3785-3865. If USD/JPY remains below 103.46, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8273 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 3833, 3785 and 3767. 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. #forex #forextrading #eurusd