EUR/USD outlook

EUR/USD outlook: Intraday 3747-77 is key level. Targets below are 3732, 3718, 3702, 3682-74 and 3639. Above targets are 3787, 3807, 3826, 3840 and 3865. Today’s sensible range is 3732-3807/26. If gold stays above 1296 and S&P stay above 1879, sensible range should be considered as 3682-3787. If USD/JPY remains below 101.78, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8176 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 3747, 3787 and 3832. 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