EUR/USD
outlook: Intraday 3530-45 is key level. Targets below are 3511, 3493
and 3476. Above targets are 3557-65, 3590 and 3612. Today’s sensible
range is 3511-3565. If gold stays below 1298-96 and S&P stay below 1974, sensible range should be considered as 3493-3545. If USD/JPY remains below 101.68, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 7898 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 3531 and 3565. 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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