EUR/USD outlook

EUR/USD outlook: Intraday 3836-54 is key level. Targets below are 3821, 3809, 3786, 3762 and 3732. Above targets are 3870, 3892-3904, 3936 and 3958. Today’s sensible range is 3809-3870. If gold stays above 1298 and S&P stay above 1875, sensible range should be considered as 3836-3904/36. If USD/JPY remains below 102.44, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8244 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 3892, 3831 and 3809. 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