EUR/USD outlook

EUR/USD outlook: Intraday 3718-37 is key level. Targets below are 3702, 3682, 3669-61, 3644 and 3613. Above targets are 3751, 3765-72, 3787, 3805 and 3825. Today’s sensible range is 3718-3787/3805. If gold stays above 1298 and S&P stay above 1851, sensible range should be considered as 3682-3751. If USD/JPY remains below 103.04, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8270 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 3682, 3738 and 3787. 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