EUR/USD outlook

EUR/USD outlook: Intraday 3850-86 is key level. Targets below are 3837-28, 3813-05, 3793, 3779 and 3759. Above targets are 3905, 3936, 3953-64 and 4053. Today’s sensible range is 3793-3886/3905. If gold stays above 1290 and S&P stay above 1883, sensible range should be considered as 3837-3936/64. If USD/JPY remains below 102.40, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8222 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 3936, 3887, 3828 and 3804. 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