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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 5, 2014

EUR/USD outlook

EUR/USD outlook: Intraday 3857-70 is key level. Targets below are 3841, 3830, 3807-04, 3786 and 3765. Above targets are 3894, 3920, 3936 and 3956. Today’s sensible range is 3807-3894. If gold stays above 1300 and S&P stay above 1879, sensible range should be considered as 3857-3920/36. If USD/JPY remains below 102.17, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8231 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 3893, 3857 and 3830. 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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