EUR/USD outlook

EUR/USD outlook: Intraday 3536-58 is key level. Targets below are 3518-07, 3492, 3475 and 3461-52. Above targets are 3565, 3580-90, 3608-12 and 3639. Today’s sensible range is 3475-3558. If gold stays above 1275 and S&P stay above 1932, sensible range should be considered as 3507-3580/90. If USD/JPY remains below 101.99, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 7990 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 3508, 3545 and 3608. 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