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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.

Thursday, May 8, 2014

EUR/USD outlook

EUR/USD outlook: Intraday 3900-27 is key level. Targets below are 3872, 3852-46, 3826, 3807, 3786 and 3864. Above targets are 3936, 3951-65, 3986, 4066 and 4246. Today’s sensible range is 3846-3936/51. If gold stays above 1296 and S&P stay above 1877, sensible range should be considered as 3900-3986/4066. If USD/JPY remains below 101.93, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8212 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 3936, 3902, 3865 and 3835. 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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