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Shivani Financial GBP/USD short term bottom seems 5478-5383 and top 6210-42. Shivani Financial EUR/USD short term bottom seems 2580-2618 and top 3510. Shivani Financial USD seems to weaken this quarter with GBP target of 6330 and EUR of 3250 if talks of QE3 takes place and euro area resolution policies implemented without new story. Shivani FinancialGold has taken correction according to our forecast for it to go 1850 by August end.

Monday, May 19, 2014

EUR/USD outlook

EUR/USD outlook: Intraday 3705-15 is key level. Targets below are 3682, 3664 and 3639. Above targets are 3732, 3768 and 3787-3800. Today’s sensible range is 3682-3732/68. If gold stays below 1297 and S&P stay below 1873, sensible range should be considered as 3664-3718. If USD/JPY remains below 101.30, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8155 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, 3706 and 3741. 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
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