Forex Market News

Headlines

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, June 13, 2014

EUR/USD outlook

EUR/USD outlook: Intraday 3523-58 is key level. Targets below are 3513, 3492, 3476 and 3452. Above targets are 3565, 3591-3601, 3613-19, 3635 and 3668-71. Today’s sensible range is 3513-3591/3601. If gold stays above 1267 and S&P stay above 1929, sensible range should be considered as 3523-3619/35. If USD/JPY remains below 101.99, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 8019 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 3545, 3570, 3594 and 3635. 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
Labels: , , , ,
Location: Karachi, Pakistan

No comments:

Post a Comment

Feel free to comment.

Subscribe to: Post Comments (Atom)