EUR/USD
outlook: Intraday 3704-18 is key level. Targets below are 3695, 3671,
3639 and 3612. Above targets are 3732, 3768, 3782 and 3796-3807. Today’s
sensible range is 3695-3768. If gold stays below 1293 and S&P stay below 1875, sensible range should be considered as 3671-3732. If USD/JPY remains below 101.36, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 8139 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, 3715, 3741 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
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