EUR/USD outlook

EUR/USD outlook: Intraday 3802-20 is key level. Targets below are 3786, 3765, 3742 and 3726. Above targets are 3844, 3865, 3895 and 3936. Today’s sensible range is 3802-3865. If gold stays above 1288 and S&P stay above 1877, sensible range should be considered as 3786-3844. If USD/JPY remains below 102.33, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8219 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 3844, 3820 and 3802. 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 #forex_trading #eurusd