EUR/USD
outlook: Intraday 3375-3404 is key level. Targets below are 3349,
3330-25 and 3301. Above targets are 3425, 3446-52 and 3476. Today’s
sensible range is 3330-3404. If gold stays above 1301 and S&P stay above 1952, sensible range should be considered as 3375-3425/52. If USD/JPY remains below 102.38, positive momentum might be observed or vice versa.
If EUR/GBP is trending down below 7997 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 3330, 3384 and 3409. 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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