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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.

Friday, May 30, 2014

EUR/USD outlook

EUR/USD outlook: Intraday 3594-3615 is key level. Targets below are 3558, 3545, 3521 and 3508. Above targets are 3639, 3651, 3668, 3682 and 3701-16. Today’s sensible range is 3594-3615. If gold stays below 1255 and S&P stay below 1913, sensible range should be considered as 3558-3639. If USD/JPY remains below 101.68, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8116 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 3616, 3645 and 3682. 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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