EUR/USD outlook

EUR/USD outlook: Intraday 3639-51 is key level. Targets below are 3617-12, 3594 and 3566. Above targets are 3678, 3695 and 3716. Today’s sensible range is 3612-3678/95. If gold stays below 1290 and S&P stay below 1903, sensible range should be considered as 3594-3651. If USD/JPY remains below 101.83, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8096 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, 3645 and 3617. 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