EUR/USD outlook

EUR/USD outlook: Intraday 3594-3605 is key level. Targets below are 3582, 3565-58, 3545 and 3521. Above targets are 3623-30, 3640, 3659 and 3676. Today’s sensible range is 3594-3659. If gold stays above 1320 and S&P stay above 1966, sensible range should be considered as 3565-3630. If USD/JPY remains below 101.70, positive momentum might be observed or vice versa. If EUR/GBP is trending down below 7937 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 3605 and 3630. 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