EUR/USD outlook

EUR/USD outlook: Intraday 3839-47 is key level. Targets below are 3826, 3807, 3787, 3768, 3732 and 3718. Above targets are 3876-89, 3909-20, 3936, 3965-70 and 4046. Today’s sensible range is 3768-3847/89. If gold stays above 1297 and S&P stay above 1877, sensible range should be considered as 3807-3920. If USD/JPY remains below 101.80, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8193 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 3908, 3872 and 3838. 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