EUR/USD
outlook: Intraday 3595-3615 is key level. Targets below are 3580, 3566,
3545 and 3522. Above targets are 3629, 3640-50 and 3677-81. Today’s
sensible range is 3595-3640/50. If gold stays below 1334 and S&P stay below 1963, sensible range should be considered as 3566-3629. If USD/JPY remains below 101.52, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 7947 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 3615, 3634 and 3650. 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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