EUR/USD outlook

EUR/USD outlook: Intraday 3758-74 is key level. Targets below are 3736, 3718, 3702, 3682-71 and 3639. Above targets are 3787, 3802, 3826, 3841 and 3865-89. Today’s sensible range is 3702-3787. If gold stays above 1294 and S&P stay above 1897, sensible range should be considered as 3736-3802/26. If USD/JPY remains below 102.22, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8169 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 3801, 3786 and 3736. 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