EUR/USD outlook

EUR/USD outlook: Intraday 3612-27 is key level. Targets below are 3595, 3566 and 3545. Above targets are 3640, 3674 and 3687-95. Today’s sensible range is 3595-3640. If gold stays below 1307 and S&P stay below 1974, sensible range should be considered as 3566-3627. If USD/JPY remains below 101.46, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 7942 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 3594, 3616 and 3639. 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