EUR/USD outlook

EUR/USD outlook: Intraday 3804-24 is key level. Targets below are 3786, 3765, 3732, 3718, 3695 and 3672. Above targets are 3842, 3865, 3892-3904, 3936 and 3950-65. Today’s sensible range is 3718-3824/42. If gold stays above 1295 and S&P stay above 1873, sensible range should be considered as 3786-3865/3904. If USD/JPY remains below 102.61, 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 3841, 3809, 3786 and 3759. 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